3.8: Risk Management
Adopt a formal, integrated risk management framework Other Information:
Recognizing that management of corporate risks and health risks is critical to PHAC’s effectiveness and credibility, the Agency’s
senior executives will adopt a formal, integrated risk management framework to oversee, identify, assess, disclose, manage
and mitigate risk. This work will involve better integration between risk identification and risk profiling in policy development
and decision-making processes of the Agency. A Chief Risk Officer will act as a pivotal centre of responsibility for the systematic
and consistent implementation of this function across PHAC business lines.
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