INTERNAL CONTEXT
• An organization’s internal context includes all of the internal environmental parameters and factors that influence how it manages risk and tries to achieve its objectives. • It includes its internal stakeholders, its approach to governance, its contractual relationships, and its capabilities, culture, and standards. • Governance includes the organization’s structure, policies, objectives, roles, accountabilities, and decision making process, and capabilities include its knowledge and human, technological, capital, and systemic resources.
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