Strengthening Governance Through Risk Management

According to research published by Financial Executives International in November 2001, 65 percent of senior executives lack high confidence that their risk management processes manage all significant business risks. Our experience indicates that a common cause of this lack of confidence is the absence of a systematic and continuous process for engaging appropriate managers throughout the organization in identifying and prioritizing risk.

This issue of The Bulletin provides five comprehensive recommendations for strengthening governance through improved risk management.