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Risk Culture

Key elements of NAIF’s risk culture are:

  • setting the tone from the top through the Board and BARC’s active involvement in the risk management process;
  • risk awareness entrenched in day-to-day business processes through recruitment of skilled staff and on going risk and compliance training;
  • rewarding appropriate risk taking behaviours and challenging inappropriate behaviours via feedback and performance reviews; and
  • adequate disclosure of incidents through incident reporting.