Corporate Risk Management - Arcadia Group Limited

Running head: CORPORATE RISK MANAGEMENT
Corporate Risk Management
Name of the Student
Name of the University
Author’s Note

CORPORATE RISK MANAGEMENT1
Executive Summary
This current report has focused on assessing approaches of risk management which includes
three UK based companies that are ITV, Arcadia Group Limited and BAT. The identification
and assessment of risk have been performed along with classification of the risks that are faced
by the company. The responses to the risk that are faced have also been discussed in the study.
Practices and the governance also points out the ways through which the companies are required
to follow. Moreover, the communication of the risks to the key stakeholders have also been
discussed in the study.

CORPORATE RISK MANAGEMENT2
Table of Contents
Introduction......................................................................................................................................3
Overview of each company along with guiding strategy............................................................3
Identification and assessment of risk...............................................................................................4
Identification of key risk faced by each company.......................................................................4
Classifying the risk using recognised frameworks and models...................................................7
Risk response.................................................................................................................................10
Evaluating ITV, Arcadia and BAT’s response to risk exposure...............................................10
Identification of best practices and governance approaches......................................................11
Risk communication......................................................................................................................12
Evaluating the clarity and comprehensiveness of each company’s communication of risk with
their stakeholders.......................................................................................................................12
Conclusion.....................................................................................................................................13
References......................................................................................................................................14

CORPORATE RISK MANAGEMENT3
Introduction
Corporate risk management is important for an organisation as it assists an organisation
in reducing their total amount of financial loss in their normal course of business. The managers’
that are appointed for managing the risk also performs the practices for preventing the loss of
exposures within the internal control along with the implementation of strategies and
technologies. The management of risk also relates to the external threats which might affect the
overall profitability of the company along with their business structures and financial assets. The
study mainly highlights the process of identification of risk that is faced by each company along
with the classification of risk as per the models. Moreover, it also includes the overall assessment
of risk along with the responses for the identified risk and risk communication.
Overview of each company along with guiding strategy
In this study, three companies have been chosen and all they are based in UK and all of
the companies is required to assess the approaches for management of risk. The listed companies
are ITV, Arcadia Group limited and BAT (British American Tobacco) and their overview have
been mentioned as follows.
ITV – ITV is a free air to channel network and it is based in London and it has been
launched in the year 1955. The company mainly operates the regional television services along
with the regional franchise for the entire distribution network. The guiding strategy that have
been extracted for ITV mainly focuses on the strategic issues and opportunities that are available
for the company (Itvplc.com 2018). The overall volumes of data and data that have been derived
from the company also points out the time for handling the strategic management. Different
exposures and approaches would be compared and contrasted for the company.