CmaBylaw
Executive Bylaws
4-1 Of Module Six: Policies & Procedures of Licensed Persons
Section: Chapter Four: Risk Management
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Sunday, 05 February 2017
Risk management systems are considered an essential part of strategic management of a Licensed Person, and accordingly shall include the main aspects which would enable the Licensed Person to determine, analyse, assess and evaluate risks and management thereof and the mechanisms of following up on them and report them properly to ensure protection and to add value to the establishment and to all other concerned parties through supporting the objectives of the establishment in the following way: 1. Presenting a business framework to support the implementation of current and upcoming activities. 2. Developing methods of decision making, planning and setting priorities through comprehensive and organised consideration of the activities of the organisation, relevant developments and the positive and negative aspects of possible projects. 3. Contributing to the effective use and appropriation of the capital and resources available to the organisation. 4. Reducing excessive volatility in secondary trading. 5. Maintaining and developing the assets and the reputation of the organisation. 6. Developing and supporting the manpower and the informational resources of the organisation. 7. Maximising the efficiency of operation.
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