[Date]
RSK4803 Assignment 3
2024 - DUE 7 October
2024
QUESTIONS WITH ANSWERS
, RSK4803 Assignment 3 2024 - DUE 7 October 2024
Question 1 22 marks
1.1 In a management meeting, it was decided that the company needs to establish
the risk management function. However, there were different views about the main
objective of risk management. Choose the correct view about the responsibility of
risk management. (2)
a. The chief executive officer held that the responsibility of risk management
would be to assess, control and finance critical risks facing the organisation and
report the outcomes to the board.
b. The chief financial officer stated that the responsibility of risk management
would be to assess critical risks facing the organisation and communicate the
assessment to management and the board.
c. The human resources director argued that the responsibility of risk management
would be to compile a report on all risk exposures of the organisation for reporting
to the board.
d. The compliance officer emphasised that the responsibility of risk management
would be to provide assurance about the management of risks to stakeholders of
the organisation.
1.2 Eskom, South Africa’s largest electricity provider, navigates a challenging and
promising environment in its mission to deliver reliable and sustainable energy to
the nation. The utility’s handling of debts is crucial for its financial stability,
operational efficiency, and environmental impact. Despite these factors, Eskom’s
decisions regarding liabilities play a pivotal role in its financial stability. Eskom's
RSK4803 Assignment 3
2024 - DUE 7 October
2024
QUESTIONS WITH ANSWERS
, RSK4803 Assignment 3 2024 - DUE 7 October 2024
Question 1 22 marks
1.1 In a management meeting, it was decided that the company needs to establish
the risk management function. However, there were different views about the main
objective of risk management. Choose the correct view about the responsibility of
risk management. (2)
a. The chief executive officer held that the responsibility of risk management
would be to assess, control and finance critical risks facing the organisation and
report the outcomes to the board.
b. The chief financial officer stated that the responsibility of risk management
would be to assess critical risks facing the organisation and communicate the
assessment to management and the board.
c. The human resources director argued that the responsibility of risk management
would be to compile a report on all risk exposures of the organisation for reporting
to the board.
d. The compliance officer emphasised that the responsibility of risk management
would be to provide assurance about the management of risks to stakeholders of
the organisation.
1.2 Eskom, South Africa’s largest electricity provider, navigates a challenging and
promising environment in its mission to deliver reliable and sustainable energy to
the nation. The utility’s handling of debts is crucial for its financial stability,
operational efficiency, and environmental impact. Despite these factors, Eskom’s
decisions regarding liabilities play a pivotal role in its financial stability. Eskom's
