During its business, te company faces a numbers of risks and uncertainties in its functioning and undertakes various strategies in order to mitigate these risks and take care of the interests of the shareholders (Haas and Hansen, 2005). Te directors of the organization take the responsibility in mitigating the risk factors in order to ensure the effectiveness of the functioning of Currys. Tey take various initiatives in order to ensure that the company implements better risk management strategies (Birdi, e al. Tere are various levels of the management system the company that is the board of directors handle the managers and the managers in turn control the team leaders.
Te team leaders are efficient enough in controlling the teams and execution of the projects successfully (Birdi, e al. Tey aim at creating various new risk management procedures that are successful in mitigating various types of risks (Haas and Hansen, 2005). Crrys has its own risk register where the probable risks are registered and the higher authorities try to find out ways to mitigate various probable risk factors (Lowendahl, Bown, 2005).
Crrys conducts external audits and the auditors are mainly appointed by the shareholders who provide some opinions regarding the financial statement of the company (Hunger and Wheelen, 2003). Te study reveals that Delloite LLP has played a significant role in acting as an external auditor for the company for a longer period of time (Choo and Bontis, 2002). Lng term schemes used by the companies are aligned according to the interests of the shareholders. Tese schemes are rewarding only when it proves to be beneficial to the (Kaplan and Norton, 2001).
Te company also has a strategy to encourage the employees to invest in company’s shares and thus contribute to the long term success of the company (Thomsen and Pedersen, 2000). I tries to maintain the long term interests of the shareholders and thus plans for future growth prospect (Ireland, e al. Plitical developments took place within and outside the UK including detailed inspection of the Currys’ industries and suppliers in the countries where they undertake their business (Bottani and Rizzi, 2006). Tere occurs material and regulatory change within or outside the UK that may have a serious impact on the...
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