Risk Management Review Sample Clauses

A Risk Management Review clause establishes a process for regularly assessing and addressing potential risks associated with a contract or project. Typically, this involves scheduled meetings or reports where parties identify, evaluate, and discuss risks such as financial exposure, safety concerns, or compliance issues, and agree on mitigation strategies. By formalizing this review process, the clause helps ensure that risks are proactively managed, reducing the likelihood of unforeseen problems and promoting transparency between the parties.
Risk Management Review. The Investment Committee is also the Risk Management Committee that generally meets on a quarterly basis (more frequently if deemed necessary) and its responsibilities include oversight of investment management, operational policies and procedures, and an overall review of advisory operations.
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Risk Management Review. In consultation with Bunge, REG will conduct a thorough review of REG’s current and historical procurement, sales and risk management procedures so as to provide Bunge with the basis to develop a Risk Management Plan and Risk Management Policy. Risk Management Policy: Bunge will use the information from the Risk Management Review to help develop a Risk Management Policy. The Risk Management Policy will include recommendations regarding position limits in both strategic and hedging accounts, position structures attributable to both strategic and hedging accounts, trading authorities and lines of responsibility and internal controls. The Board of Directors of REG and/or the applicable Party Affiliate shall approve the Risk Management Policy as required in order to implement such policy for each Facility. Risk Management Plan and Strategy Recommendations: Bunge will provide regular day to day advice regarding risk management strategies for REG to consider. In addition Bunge will from time to time forward specific, detailed and written risk management recommendations for REG to consider. Bunge will keep a log of all recommendations, including entrance and exit strategies. On at least on a quarterly basis, Bunge will share this log as prepared by Bunge with REG. Bunge will also on an annual basis provide a broader risk management plan focused on the longer term fundamental outlook for the basis, flat price and spread relationships for REG’s relevant markets for Feedstock and Biodiesel. This Risk Management Plan will not necessarily include specific written risk management recommendations. At Bunge’s sole discretion, Strategy Recommendations and the Risk Management Plan may be accompanied by confidential Bunge supply and demand research related to world grain, oilseed. energy and biofuel markets. Best Practices Sharing. REG may from make requests that Bunge share best practices with respect to various aspects of REG’s business. Bunge shall review these best practices requests and may or may not provide information to REG as Bunge determines in its sole and absolute discretion.
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Risk Management Review. PJM shall also conduct a periodic compliance verification process to review and verify, as applicable, Participants’ risk management policies, practices, and procedures pertaining to the Participant’s activities in any PJM Markets. PJM shall review such documentation to verify that it appears generally to conform to prudent risk management practices for entities trading in any PJM Markets. Participant shall also provide a high level summary by the chief risk officer or other Principal regarding any material violations, breaches, or compliance or disciplinary actions in connection with such risk management policies, practices and procedures within the prior twelve (12) months. If a third-party industry association publishes or modifies principles or best practices relating to risk management in North American markets for electricity, natural gas or electricity-related commodity products, PJM may, following stakeholder discussion and with no less than six (6) months prior notice to stakeholders, consider such principles or best practices in evaluating the Participant’s risk controls. PJM will prioritize the verification of risk management policies based on a number of criteria, including but not limited to how long the entity has been in business, the Participant’s and its Principals’ history of participation in any PJM Markets, and any other information obtained in determining the risk profile of the Participant. Each Participant’s continued eligibility to participate in any PJM Markets is conditioned upon PJM notifying the Participant of successful completion of PJM’s verification of the Participant’s risk management policies, practices and procedures, as discussed herein. However, if PJM notifies the Participant in writing that it could not successfully complete the verification process, PJM shall allow such Participant fourteen (14) calendar days to provide sufficient evidence for verification prior to declaring the Participant as ineligible to continue to participate in any PJM Markets, which declaration shall be in writing with an explanation of why PJM could not complete the verification. If the Participant does not provide sufficient evidence for verification to PJM within the required cure period, such Participant will be considered in default under this Tariff. PJM may retain outside expertise to perform the review and verification function described in this paragraph. PJM and any third party it may retain will treat as confidential the documentati...
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Related to Risk Management Review

  • Risk Management 7.1 Where Transnet determines appropriate, within 2 weeks from the date of contract signature, the Parties are to meet to prepare and maintain a contract Risk Register. The Risk Register shall include a description of the risks and a description of the actions which are to be taken to avoid or reduce these risks which both Parties shall jointly determne. 7.2 Contract progress meetings shall be held monthly, or unless otherwise agreed between the Parties in writing. The purposes of these progress meetings shall be to capture the number of late deliverables against agreed milestones, actual costs against payment plans, performance issues or concerns, contract requirements not achieved, the status of previous corrective actions and risk management. Minutes of meetings shall be maintained and signed off between the Parties throughout the contract period

  • Agreement Review If, pursuant to section 25.10 (Review of Agreement) of the Bilateral Agreement, the Bilateral Agreement is reviewed after three or five years, or both, of the effective date of the Bilateral Agreement, and any changes to the Bilateral Agreement are required as a result, the Parties agree to amend the Agreement as necessary and in a manner that is consistent with such changes.

  • Department Review The parties shall resolve disputes through written submission of their dispute to the Department’s Contract Manager. The Department shall respond to the dispute in writing within ten (10) Business Days from the date that the Department’s Contract Manager receives the dispute. The Department’s decision shall be final unless a party provides the other party with written notice of the party’s disagreement with the decision within ten (10) Business Days from the date of the Department’s decision. If a party disagrees with the Department’s decision, the party may proceed to subsection (b) below.

  • Program Management 1.1.01 Implement and operate an Immunization Program as a Responsible Entity 1.1.02 Identify at least one individual to act as the program contact in the following areas: 1. Immunization Program Manager;

  • MANAGEMENT OF EVALUATION OUTCOMES 12.1 Where the Employer is, any time during the Employee’s employment, not satisfied with the Employee’s performance with respect to any matter dealt with in this Agreement, the Employer will give notice to the Employee to attend a meeting; 12.2 The Employee will have the opportunity at the meeting to satisfy the Employer of the measures being taken to ensure that his performance becomes satisfactory and any programme, including any dates, for implementing these measures; 12.3 Where there is a dispute or difference as to the performance of the Employee under this Agreement, the Parties will confer with a view to resolving the dispute or difference; and 12.4 In the case of unacceptable performance, the Employer shall – 12.4.1 Provide systematic remedial or developmental support to assist the Employee to improve his performance; and 12.4.2 After appropriate performance counselling and having provided the necessary guidance and/or support as well as reasonable time for improvement in performance, the Employer may consider steps to terminate the contract of employment of the Employee on grounds of unfitness or incapacity to carry out his or her duties.