regularly monitor and review the implementation of this policy and supporting Policy Instruments and.ensure appropriate governance and oversight of Risk.implement effective Risk management practices that integrate Council-approved Risk Appetite and Tolerances.develop an appropriate culture of Risk management in which all University Members understand their role.A commitment through the Vice-Chancellor's Executive to:.Adoption of the Three Lines Model (refer Figure 1 below).Integration of Risk identification, treatment and management into all planning and decision-making processes. The principles by which that is achieved are: The University is committed to ensuring the appropriate management of Risk. Higher Education Standards Framework (Threshold Standards) 2021: Standard 6.2 Corporate Monitoring and Accountability 4 Principles This approach aims to minimises the Risk of failing to deliver strategic objectives through the appropriate management of Strategic, Operational and Tactical Risks. The University recognises the need to appropriately leverage opportunities and manage threats through an integrated approach to enterprise Risk management. This policy applies to all University Members. To provide an integrated and balanced approach to the identification, treatment and management of Risk to support the achievement of strategic and operational objectives.
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