You have recently been promoted to head of risk management at a steel casting company. ABC Steel Castings Ltd. [ABC] is the company's name. ABC has assured you that it will continue to enhance its risk management capilla

You have recently been promoted to head of risk management at a steel casting company. ABC Steel Castings Ltd. [ABC] is the company's name. ABC has assured you that it will continue to enhance its risk management capillarities in order to better protect and increase shareholder value. As stated earlier, the risk management system ensures compliance with Clause 49, as amended, of the Listing Agreement. With this structure in place, the Company will be able to apply standardised risk management practises across all of its divisions and departments. Risks are managed in accordance with a well-defined framework that is periodically verified and double-checked. In addition, you are informed that the company has implemented a Risk Management Manual, compiled a comprehensive profile of the most major risks facing the organisation, identified the most significant gaps in managing these risks, and developed preliminary action plans to address them. With this work, the following aims are achieved. (a) Meets the Board's requirement for a more comprehensive understanding of risks and a more robust strategy for mitigating those risks; provides the means to identify, assess, and respond to business risk; and integrates an effective internal control and management reporting system with the formalised, specific requirements for conducting risk assessments on a regular basis. (b) Through backward integration, the company has grown into coal and iron mines, and through brownfield expansions, it has constructed a sinter plant, sponge iron plant, coke oven plant, and power plant from waste head recovery. Additionally, it launched research and development to boost production capacity and reduce costs. You discovered that the Company is ISO-140001-2004 certified and strictly adheres to industry-wide emission norms. In addition, the Company tells you that demand for DI Pipes is likely to increase significantly and that it is confident of maintaining its market position due to the Indian government's emphasis on water and water-related projects, as well as the anticipated increase in water demand. This year, worker relations have remained stable and friendly despite the expanding number of unions. The lack of lost man-days over the past eight years is directly attributable to the mutual respect and cooperation between the two sides. From the company's perspective, labour relations can only improve from here. The company additionally provides credit insurance coverage. Now, the Company's management has requested you to give a report outlining the most pressing dangers to the company and the preventative measures that can be taken to mitigate their impact. Provide a list of at least six tasks for the role of risk management.