# Evolution of Risk Appetite Framework

1. The Board recalls its ultimate responsibility to the Global Fund’s stakeholders for overseeing the implementation of effective risk management.
2. Based upon the recommendation of the Audit and Finance Committee, the Board approves the Risk Appetite Framework, as set forth in Annex 1 to GF/B55/02, and the Risk Appetite Statements, as set forth in Annexes 1.1, 1.2 and 1.3 to GF/B55/02.
3. This decision point and the amended Risk Appetite Framework and Risk Appetite Statements approved by it shall supersede all prior Board decisions on the Risk Appetite Framework and Risk Appetite Statements.