Since risks can affect any or all areas of a program, one accepted idea is to have the risk management
control at the highest level of the organization practicable.
enables organizations to find the level of risk they can tolerate safely while maintaining successful business operations.
This is the essence of what ERM contributes to the organization--the elevation of risk management
to a strategic level by assessing all sources of value, not just physical and financial ones.
Records and information risk awareness will be incorporated into the organization's risk management
culture and policy.
Through mistakes and triumphs, the Center has learned the significance of cultural diversity and risk management
Boards may not have the right talent to ask probing risk management
Depending on the company, this person may or may not be responsible for enterprise-wide risk management
The first line of defense in risk management
is screening staff in order to hire the most qualified, capable people for the job This process starts with a comprehensive application.
Oregon's Department of Administrative Services Risk Management
Division's home page offers a policy manual and back issues of RisKey Notes.
Moreover, the March 1999 update to the Federal Reserve's Trading and Capital Markets Activities Manual will incorporate the specific sound practices identified in the Basle documents in a special hedge fund subsection of its existing Counterparty Credit Risk Management