Risk How we identify and manage key risks and engage with both network standards and policies (and the with our stakeholders compliance monitoring process), as well as legal and regulatory requirements. Identifying, managing and planning for the mitigation of risk is an essential part of running any business. The Network Leadership Team provides strategic At PwC, we work with many organisations across the direction (including in the area of ERM). The Chief globe to help them deal with the growing risks they Risk Ofifcer (CRO) is responsible for network risk face in our increasingly complex world. We also invest management, including ERM. signiifcant time and resources in anticipating and managing the risks faced by PwC. Members of the Global Leadership Team have ownership of some of the most signiifcant risks and At PwC, the Board of PwCIL (Global Board) provides set the guidelines for the compliance and monitoring oversight, review and approval of our network associated with them. Line of service leaders are enterprise risk management (ERM) approach responsible for the quality management systems within and focus. The Risk Committee of the Board is their own line of service. responsible for monitoring key risks and responses, quality assurance, the network’s overall risk The Network Risk Council provides strategic direction management framework, and overseeing compliance and advice for the network risk management strategy,