Risk Governance

Actors, rules, practices, processes, and mechanisms concerned with how risk is analyzed, managed, and communicated.

Sample Usage: Risk governance applies the principles of good governance that include transparency, effectiveness, efficiency, accountability, strategic focus, and the need for the chosen solution to be politically and legally feasible.

Source: DHS Risk Lexicon, U.S. Department of Homeland Security, 2010 Edition. September 2010 Regulatory Guidance

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