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The University of SydneyPage 20AS/NZS ISO 31000 –Risk Management StandardFramework of Risk ManagementMandate and Commitment:–Define and endorse risk management policy–Ensure alignment between org. culture and risk management policy–Define risk management KPIs in alignment with Org. Perf. KPIs–Alignment with Organisation's strategies–Ensure legal and regulatory compliance–Assign responsibilities and accountabilities–Ensure resource allocation–Communicate benefits to stakeholders–Maintain appropriateness of the framework