Sustainability Report 2024 | National Corporation for Tourism & Hotels

NCT&H Sustainability Report 2024 19 Risk Management The ERM framework defines essential components, suggests a common language, and provides clear direction and guidance for risk management department and its objective in implementing Enterprise Risk Management within the Company. The following four (4) benefits expected to be delivered to the Management:  Provide Senior Management with a clear, objective picture of the total financial impact of different risks faced by the various departments within NCT&H, and insight into how to mitigate them.  Establishing a shared understanding among its Board, Executive Management, and employees regarding acceptable and unacceptable risks, to ensure that decisions at all levels align with the risk strategy of senior management.  Prioritize the risks faced and ensure that risk mitigation focuses on the critically identified risks; and,  Communicate NCT&H’s risk management capability to the Board of Directors and related committees. Corporation Overview | Economic Responsibility | Environmental Duty | Life at NCT&H

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