Net Risk
What is Net Risk?
The remaining level of risk after controls and mitigation measures have been applied, also known as residual risk.
Frameworks that govern net risk
What the standards actually require on net risk
Requirements naming net risk across 2 standards, quoted from the control text.
The company must maintain a risk map: regularly updated documentation to identify, analyse and rank its exposure to external solicitations for corruption, notably by business sector and geography;
french-sapin-ii-law-law-no-2016-1691::17.II.3 · Article 17 II 3°: a documented, regularly updated corruption risk map →Where a measure of risk combining consequence and likelihood is useful, qualitative, semi-quantitative or quantitative approaches may be used. Semi-quantitative scales are validated and used with care and their calculation basis explained.
iec-31010-2019::6.3.7.1 · 6.3.7.1 Determining measures of risk →Questions people ask about net risk
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