The Board acknowledges multiple operational tools are utilized and updated by the Secretariat to execute the Global Fund's approach to risk management, as outlined in the Enterprise Risk Management Framework set forth in Annex 1 to GF/B32/13.
Accordingly, based on the recommendation of the Finance and Operational Performance Committee, the Board approves the Risk Management Policy, as set forth in Annex 3 to GF/B32/13 (the "Policy").
The Policy shall supersede the Risk Management Framework adopted by the Board in November 2009 at its Twentieth Meeting (GF/B20/DP15) and become effective as of the date of this decision.
Risk Management Policy
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