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NR/L2/RSK/001

Enterprise Risk Management

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Organization: NR
Publication Date: 7 September 2019
Status: active
Page Count: 27
scope:

This process applies to all parts of the business that own and / or manage Level 0 to Level 2 enterprise risks as shown in Figure 1.

Purpose

This process sets out a principle-based approach for the management of Enterprise Risks in Network Rail to enable:

a) the effective and consistent management of all risks to strategic objectives;

b) risks to be managed in accordance with NR/L1/RSK/001 and Board approved corporate risk appetite statements;

c) the identification, prioritisation and management of interrelated enterprise risks to support successful delivery of the Company's strategic objectives;

d) strategic objectives to be managed in accordance with the UK Corporate Governance Code and governance requirements under licence condition 15 of

the Network Licence; and

e) clarity on risks which Network Rail have responsibility to manage as part of a wider set of industry risk mitigation activity.

NOTE: Strategic objectives includes network-level objectives such as those governed by the National Strategy Committees. These are the highest-level specific corporate objectives, typically of a timescale of the current or following control period. Each objective can be traced back up to Network Rail's role, purpose and vision.

Document History

NR/L2/RSK/001
September 7, 2019
Enterprise Risk Management
This process applies to all parts of the business that own and / or manage Level 0 to Level 2 enterprise risks as shown in Figure 1. Purpose This process sets out a principle-based approach for the...
September 1, 2018
Enterprise Risk Management
This standard applies to all parts of the business that own and / or manage Level 0 to Level 2 enterprise risks as shown in Figure 1. Purpose This standard sets out a principle based approach for...
March 5, 2016
Enterprise Risk Management
This standard applies to all parts of the business that own and / or manage Level 0 to Level 2 enterprise risks as shown in Figure 1. The risk management principles detailed in this standard may...

References

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