শুক্রবার, ২৬ আগস্ট, ২০১১

7 Risk Weaknesses Common to Corporate Failures | CEB Views

(Financial Director, August 2011)

In Brief: These include, among others: limitations of board skills, poor leadership on ethos and culture, inappropriate financial incentives, and a failure of boards to engage with important risks, according to a report from Cass Business School.

Our View: We are seeing more boards and senior leaders re-examining their risk management capabilities in light of ?catastrophic failures at firms with seemingly sophisticated risk management programs. Leading companies add a time dimension to risk management, forcing management to tackle fast moving risks first; they deliberately challenge the conventional wisdom that underpins risk checklists and set tripwires to alert management to risk materialization. The best companies derive substantial value by embedding risk management into business processes to drive better business decision making.

Source: http://cebviews.com/2011/08/23/idti-7-risk-weaknesses-common-to-corporate-failures/

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