Risk Management Strategy

Risk is the positive or negative effect of uncertainty on objectives. Risk arises as much from the possibility that opportunities will not be realized as it does from the possibility that threats will materialize or that errors will be made.

BRM recognizes that effective Risk Management at all levels of the organization is a core element of corporate governance and is necessary for the achievement of business objectives.

BRM plans to establish a Risk Management Framework consistent with ISO 31000: Risk Management – Principles and guidelines.