Enterprise Risk & Member Protection
Serious organisations identify, record and escalate material risks. This page describes expected practice. It does not claim a certified risk-management system or guarantee that any particular risk will be prevented.
IDENTIFY → ASSESS → CONTROL → MONITOR → REPORT → IMPROVE
People exercising authority should consider legal, financial, operational, reputational, member-protection and safety risks before implementing a charge, product, programme or material decision. Material decisions should be documented so they can be explained.
Risk categories
Regulatory risk
Credit risk
Financial risk
Fraud risk
Cybersecurity risk
Data and privacy risk
Operational risk
Reputational risk
Supplier risk
Product risk
Legal risk
Conflict-of-interest risk
Communication risk
Directors, executives, employees and authorised representatives acting properly within their authority should follow applicable policies and law. Acting outside authority, or contrary to law, is not protected by this framework.
Escalate concerns through governance channels, Complaints or Speak-Up & Protected Reporting. Contact +27 60 709 4406.