What are the following key risk management principle?

Key risk management principles include the identification of risks, which involves recognizing potential threats that could impact objectives; risk assessment, which evaluates the likelihood and impact of these risks; and risk mitigation, which develops strategies to minimize or eliminate risks. Additionally, continuous monitoring and reviewing of risk management strategies are essential to adapt to changing circumstances and ensure effectiveness. Lastly, fostering a risk-aware culture within an organization encourages proactive engagement with risk management processes.