Actions to Control Risk Risk Back-ground to Current Risk improve Action Time Ref Objectives Impact Category the risk controls Owner manage-ment Owner scale Risk risk of the risk 7 Transformation Reputational Slow Growing 4 Likely 4 16 Formal Fair 0.75 12 4 3 CEO Accelerate the COO & Jan. Greater inclusion economic alternative Snr. Man. 2015 of previously returns to the markets; Key client of the Market-ing disadvantage investor Stake-holders visitations; market of the groups and circum-venting Supplementary future; individuals across the trading consignment the agricultural system; control; manage-ment chain Mergers Updated market plans; amongst big by-laws; Full analysis of corporate Vigorous com-petitors; Availability of marketing revamping of substitute farm initiatives. JM's image and products; Emerging revisit and New competitor producers and proper entrants; emerging contrac-tual Virtual market agents support terms with bilateral and programme. market Solo agencies. between Include retailers and farmers disabling in unskilled new agency emerging agents contracts. and emerging Red Amber producers.
Ref Objectives Risk Category Risk Back-ground to the risk Impact Risk Current controls Control risk Risk Owner Actions to improve manage-ment of the risk Action Owner Time scale 7 Transformation Greater inclusion of previously disadvantage groups and individuals across the agricultural chain Reputational Slow economic returns to the investor Growing alternative markets; Stake-holders circum-venting the trading system; Mergers amongst big corporate Availability of substitute farm products; New competitor entrants; Virtual market bilateral and Solo between retailers and farmers disabling unskilled emerging agents and emerging producers. 4 Likely 4 Red 16 Formal Key client visitations; Supplementary consignment control; Updated market by-laws; Vigorous marketing initiatives. Emerging producers and emerging agents support programme. Fair 0.75 Amber 12 4 3 CEO Accelerate the of the market of the future; manage-ment plans; Full analysis of com-petitors; revamping of JM's image and revisit and proper contrac-tual terms with market agencies. Include in new agency contracts. COO & Snr. Man. Market-ing Jan. 2015
Mid-Year%20Report%202014-02-24.docx