riskkomiteele

Riskkomiteele is a Finnish term that translates to "risk committee" in English. It refers to a group established within an organization, often a company or public sector body, to oversee and manage risks. The primary function of a risk committee is to identify, assess, monitor, and mitigate potential threats that could adversely affect the organization's objectives, operations, finances, or reputation.

The composition of a risk committee typically includes individuals with diverse expertise, such as finance, legal, operations, and strategic planning. In corporate settings, the committee may be a subcommittee of the board of directors, ensuring that risk management is integrated at the highest level of governance. Its responsibilities can include developing and implementing a risk management framework, setting risk appetite, reviewing significant risk exposures, and ensuring that appropriate controls are in place.

The establishment and operation of a risk committee are often driven by regulatory requirements, industry best practices, and the organization's commitment to sound corporate governance. By proactively addressing potential risks, a risk committee aims to enhance resilience, support strategic decision-making, and safeguard the organization's long-term sustainability and value. The specific mandate and activities of a risk committee can vary depending on the size, industry, and complexity of the organization it serves.