Risk governance: Identify at least eight risks for your chosen company (CBA) and evaluate the recognised risks by their impact and probability (by allocating a level from 1 to 5) and by using the tool example provided (Risk recognition, evaluation and mapping). Discuss appropriate risk policies for four of the selected eight risks.

Risk Mapping Tool Go to Risk Map Risk Likelihood Impact Risk policy Notes Board member illness 1 1 Retain CEO arrested 4 Avoid Fire IN 2 Transfer Stockmarket crash 4 3 Transfer Bank failure 1 4 Transfer Malware attack 3 5 Mitigate New investment failure 3 Avoid Management fraud IN Mitigate Faulty product 3 IN Mitigate Worldwide pandemic Mitigate Hostile takeover N Transfer To add a new risk, just type in the next row immediately under the table. You can even copy and paste data from another excel file.Risk Mapping Tool Go to Risk Data Copy risk map as image High 5 4 . Stockmarket crash Likelihood 3 . Faulty product . New investment failure . Malware attack . Fire 2 . Management fraud . Hostile takeover . CEO arrested Low 1 . Board member illness . Bank failure . Worldwide pandemic 1 2 3 4 5 Low High Impact