Risk Policy Sample Clauses
A Risk Policy clause defines the approach and procedures an organization or agreement will use to identify, assess, and manage risks associated with its operations or a specific project. This clause typically outlines the responsibilities of parties in monitoring risks, the methods for reporting and mitigating potential issues, and may reference compliance with industry standards or internal guidelines. Its core practical function is to ensure that risks are systematically addressed, reducing the likelihood of unforeseen problems and providing a clear framework for risk management.
Risk Policy compliance and governance impact
6.1 Failure to deliver a high quality BEMS Installation and associated control/software setup would have a significant impact on the successful delivery of the benefits associated with the Council’s BEMS Strategy. To support the delivery of high quality works, the Council has appointed an experienced BEMS Project Manager and has produced a detailed BEMS Specification that fully defines requirements for BEMS works.
6.2 There is a significant risk to Best Value, maintainability and building operation if the Council lacks a clear programme and methodology for the upgrade of BEMS. The Council has developed a detailed BEMS Strategy which sets the vision for the upgrade of BEMS across the Council estate and defines specific requirements for works.
6.3 Failure to deliver the upgrade works would lead to operational risks, maintenance challenges and, as a consequence, poor control of BEMS and associated plant. This would result in increased energy consumption and therefore, increased spend on electricity and gas and associated Carbon emissions. There are a number of legislative drivers that encourage efficient use of energy.
6.4 The tender process will be undertaken in compliance with the Public Contracts (Scotland) Regulations 2015.
Risk Policy. Republic shall not, and shall not permit any of its Subsidiaries to, terminate or materially modify or amend any risk management arrangements, whether entered into for the account of Republic or one of its Subsidiaries.
Risk Policy. If the Client account is not able to be satisfactorily verified or if the account activity is considered high risk in nature, Moomoo Financial reserves the right to restrict the account as necessary to comply with its legal and regulatory obligations. This may include, limiting movement of funds between Moomoo Financial and the funding account of origin, regardless of the time the assets were held in the account.
Risk Policy. AmerUs shall not, and shall not permit any of its Subsidiaries to, modify or amend in any material respect or terminate any (i) insurance coverage maintained by AmerUs or any of its Subsidiaries which is not replaced by a comparable amount of insurance coverage or (ii) investment, risk management or derivatives use policy currently in effect, except as required by applicable Law or changes in SAP or GAAP.
Risk Policy. All member entities shall adapt their risk management procedures and processes to the guidelines established by the Grupo's head entity. The Grupo's risk policies are set out in manuals, drawn up and updated by the head entity, which determine the policies, procedures and controls governing credit, liquidity, interest rate, market, foreign exchange and operational risks, among others. The lead institution will determine which risk policy decisions are fully centralised and which may be decentralised to member institutions. Centralised decisions shall require that each member institution obtain the authorisation of the Grupo's head institution prior to the execution of the corresponding transaction. With regard to decentralised decisions, the general criteria to be followed in the internal delegation of powers to each member institution shall be established, respecting in all cases the peculiarities of each one of them. All member institutions of the Grupo undertake to provide the head institution with full access to the risk information required of them.
Risk Policy. Provider shall provide all Services in accordance with the Company risk policy attached hereto as Exhibit B (the “Risk Policy”). Subject to Section 7.1, Provider will be solely liable for all Losses which arise from the provision of any Services in a manner inconsistent with the Risk Policy.