Risk oversight is the responsibility of the entire Board and the same can be achieved through a structured review mechanism. In view of this statement, explain the review mechanism which may be followed by the Board for

Risk oversight is the responsibility of the entire Board and the same can be achieved through a review mechanism which inter alia include: Developing policies and procedures around risk that are consistent with the organization's strategy and risk appetite. Taking steps to foster risk awareness. Encourage an organizational culture of risk adjusting awareness Maintenance of a Risk Register A compliance certificate on the identification of risks and establishment of mitigation measures.