Examples of Second Line in a sentence
GIA provides independent assurance of the effectiveness of management’s control of its own business activities (the First Line) and of the processes maintained by the Risk Control Functions (the Second Line).
Second Line of Defence – The Risk Management Function is responsible for proposing to the Board appropriate objectives and measures to define the Company’s risk appetite and for devising the suite of policies necessary to control the business including the overarching framework and for independently monitoring the risk profile, providing additional assurance where required.
Second Line of Defence The Enterprise Risk Management (ERM) Department provides oversight, analysis and reporting to the Risk Management Committee on the level of risks relative to the established risk appetite for all activities of the Company.
The Bush Administration allocated much of this new funding to the Second Line of Defense and Radiological Dispersion Devices.
Nearly $100 million of this total was allocated to the Second Line of Defense and Megaports Initiative, leaving approximately $245 million to secure nuclear materials in Russia.