7. Improve HD Faculty™'s execution plans through informed persons that understand the nature and extent of the respective risk and impact that it would have on HD Faculty™;
8. Establish and maintain risk monitor gauges that will identify, quantify and demonstrate HD Faculty™'s understanding and its effectiveness in respect to risk mitigation and control;
9. Provide the Board of Directors with demonstrated assurance about HD Faculty™'s risk management achievements pertaining to its goals, purposes and objectives;
10. Establish, maintain and update its policies, procedural guidelines and information system regularly in respect to the:
    1. Objectives of the Risk Management Program;
    2. Identification and classification of risk factors;
    3. Prioritization of the risk factors;
    4. Assessment and evaluation of the respective risk;
    5. Quantifying the risk in a concise format;
    6. Developing and/or redeveloping a risk mitigation and control system;
    7. Developing and/or redeveloping a risk monitor and performance indication system; and
    8. Establishing and maintaining a risk management system that enables HD Faculty™ and its clients to continuously improve the risk exposure through the exploitation of items (v), (vi), and (vii), above.

Loss Prevention Program Criteria. The criteria for determining whether a particular action in HD Faculty™'s loss prevention program should be taken, are divided into monetary and non-monetary.