Answer:
risk management policy
Explanation:
A risk management policy is a documented statement of risks associated with carrying out a particular action and also guidance on how to manage the risks. Several activities come with their own risks, hence it is necessary for an organisation to create a risk management policy to define those risks and how to overcome them. A risk management policy also outlines the persons to perform the activities that are associated with the defined risks.
A risk management policy helps to maintain financial sustainability, protects the assets of the business and also protects the staff and objectives of the company.
