Reference no: EM132992385

The ScenarioRisk Reporting is a communication mechanism to convey the risk management values which delivered by the company's risk functions. It allows the proactive risk management as the company identifies and escalates issues either as they arise or before they are realised to take an effective approach to manage the risks. Effective risk reporting should concentrate on how risk activities impact the company's risk profiles. The best approach of risk reporting is context-specific and heavily depending on the nature, scale and complexity of the company's activities and risks. There are myriad tools of risk reporting which commonly adopted by companies nowadays, namely RAG reporting, heat maps, loss and near miss databases, narrative reporting and etc.

REQUIRED:

Write-up on any TWO (2) risk reporting tools used or adopted by a selected public listed company in Malaysia. Your write-up should include a rigorous detail description of how the tools are being used or adopted in your selected company.