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Processes

The ERM process within the Fund is not operated in isolation but instead it is embedded within daily processes as part of the ongoing operations of the Legal Practitioners Fidelity Fund. The Fund ensures that risk management is integrated with all business processes.

Depicted below are the underlying processes that the Fund follows in Enterprise Risk Management:

  • Setting of Strategy and objectives
  • Risk event identification
  • Risk assessment
  • Risk treatment
  • Risk reporting
  • Risk communication and training
  • Risk performance monitoring