CORPORATE GOVERNANCE

You are a consultant who has been engaged by a company to assist it in the development and implementation of a risk management strategy with the aim of reducing the risk to the company of any criminal liability and reputational damage arising from fraud, corruption and other inappropriate activities that could arise in its procurement activities and relations with suppliers. Your report should explain the principles of sound risk management, with a
particular focus on identifying and preventing activities of this sort, and discuss the challenges of introducing a successful risk management strategy in the company. Your report should be based on your own, independent research and critical analysis, refer to appropriate academic literature, including journal articles, and be supported with real life examples.