Seven Key Lessons
Below
I have listed the "Seven Key Lessons of Holistic Risk Management."
They are as useful guidelines for risk managers as I have seen, worth posting
over your desk. Re-read them regularly.
Ÿrisk
can be good and bad.
ŸIntegrated
risk management enhances stakeholder value.
Ÿrisk
management requires commitment and buy-in from senior management, and the
board.
Ÿeffective
risk management programs are designed centrally but implemented locally.
Ÿcommunication
is essential to integrated risk management.
Ÿrisk
management programs generally include a risk framework, system and champion.
Ÿrisk
measurement is one of the next frontiers of integrated risk management.
