You are the Chief Risk Officer for a company and youve been tasked with identifying the areas where your company is exposed to systematic and unsystematic risks. Respond to the following in a minimum of 175 words:

Based on the information you learned this week, what approach would you take in explaining how systematic and unsystematic risks affect risk planning?

Describe your approach.

Name 3 or more systematic or unsystematic risks your company might face.

Think of some implications if your company decides not to be proactive and plan for these risks.