Ten Common Risk Management Failures and How to Avoid Them

Talking about the role of risk management in the global financial crisis is a popular trend recently. As we look back and closely examine what has transpired, we often hear the same questions expressed with a noticeable point of inflection in the voice pitch, “What were they thinking?” “What did they know?” “How did they let this happen?”

In this issue of The Bulletin, we explore 10 common risk management mistakes and how they can be avoided. The list is based on our firm’s collective experiences in working with many companies, as well as seeking to understand significant failures observed over the years.