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By leveraging your preliminary list of ethics and compliance risk topics and definitions, develop risk "prioritizing" criteria. In doing so, develop a set of criteria that will determine whether a risk topic is high, medium, or low -- in terms of both likelihood and severity.
To be clear, you will need to develop a table that defines high, medium, and low criteria for likelihood -- and then a separate table that defines high, medium, and low criteria for severity.
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