There is clarity in the line of authority and decision-making, and staff roles and responsibilities to ensure coordinated, appropriate and timely responses to the incidence of risk. There is clear understanding of the risk to be contained and the corrective measures to be implemented.
Guideline code
GG_06800
Mechanism
Mechanism
- A risk intervention checklist should be developed for each administrative area. The checklist should be periodically reviewed by the management and approved by the board.
- The checklist should clearly define ownership and accountability for the implementation and monitoring of the risk response measures.
- Staff responsible for the intervention procedures should be fully informed and trained to implement and monitor the appropriate risk response measures.
- The management should prepare a business continuity plan and an information technology plan to continue operations under adverse conditions.
Structure
Structure
- The management should ensure that the line of authority and decision-making, and staff roles and responsibilities are clearly defined, well understood and properly coordinated.
- The board should exercise oversight on the management’s implementation of approved risk response measures. The management should keep the board fully informed of the details of any intervention.
Title HTML
Guideline 52. Clarity of responsibilities and measures in case of an intervention
Type
Guideline_1
Weight
72