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The Head of RMD has agreed the following specific tasks after discussions with you: 1.Research the facts of the case. The facts and material for
The Head of RMD has agreed the following specific tasks after discussions with you: 1.Research the facts of the case. The facts and material for the analysis should be drawn mostly from primary sources such as company and regulator reports, wherever possible, and then secondary sources such as press and other reports or published articles by third parties and experts commenting on or analysing the incident. Sources should be fully referenced. 2.Identify three risk management issues illustrated by the case. Analyse why and how these issues developed in the case study company thereby causing or allowing the crisis to occur. Analyse the developments and actions of the case study company prior to the crisis event and compare them with the material presented in the course dealing with the framework of risk management practices and related frameworks (strategy, culture, and corporate governance). Explain the weaknesses and shortcomings in the risk management practices and processes and related areas of strategy, culture, and corporate governance. 3.Based on your analysis provide your lessons for ABC Limited staff on how to achieve better risk management so to avoid the types of issues and underlying causes of the risk management issues. Provide specific suggestions of better
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