Risk Management : So Critical, yet So Elusive
Every good organization around the globe firmly espouses the benefits of sound risk management. Certainly, the recent financial crisis has underscored this imperative. Yet it is remarkable how elusive an effective risk management function can be fo...
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| Format: | Publications & Research |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2008/11/10183157/risk-management-so-critical-yet-so-elusive http://hdl.handle.net/10986/10581 |
| Summary: | Every good organization around the globe
firmly espouses the benefits of sound risk management.
Certainly, the recent financial crisis has underscored this
imperative. Yet it is remarkable how elusive an effective
risk management function can be for many organizations. This
is definitely the case for many of the companies the authors
have worked with as part of the corporate governance program
in the Middle East and North Africa (MENA) region. This
smart lesson is based on the recent work with an investee
company to help put in place a simple but effective
enterprise risk management process. This was part of a wider
corporate governance improvement effort for the company. It
also draws on experiences we've had with other
companies and provides lessons for any organization trying
to figure out how to actually make risk management work. |
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