You are the Chief Risk Officer for a company and you’ve been tasked with identifying the areas where your company is exposed to systematic and unsystematic risks.

Respond to the following in a minimum of 175 words:

• Based on the information you learned this week, what approach would you take in explaining how systematic and unsystematic risks affect risk planning?
• Describe your approach.
• Name 3 or more systematic or unsystematic risks your company might face.
• Think of some implications if your company decides not to be proactive and plan for these risks.