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Responsibility for Risk Management

Discuss Responsibility for Risk Management within the General Talks forums, part of the Management Students Voices ( MBA,BMS,MMS,BMM,BBA) category; Organizational risks are increasingly on the radar of top executives, and it's chief financial officers and CEOs - not chief ...

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Management Health Solutions
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Responsibility for Risk Management - July 16th, 2012

Organizational risks are increasingly on the radar of top executives, and it's chief financial officers and CEOs - not chief risk officers - who should ultimately bear the responsibility for risk management?
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Pawan Sharma
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Re: Responsibility for Risk Management - July 16th, 2012

Risk management is a rapidly developing discipline and there are many and varied views and descriptions of what risk management involves, how it should be conducted and what it is for. Some form of standard is needed to ensure that there is an agreed:
Terminology related to the words used
Process by which risk management can be carried out
Organization structure for risk management
Objective for risk management
Risk management should be a continuous and developing process which runs throughout the organizations strategy and the implementation of that strategy. It should address methodically all the risks surrounding the organizations activities past, present and in particular, future.
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John Blair
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Re: Responsibility for Risk Management - July 17th, 2012

Quote:
Originally Posted by Pawansh View Post
Risk management is a rapidly developing discipline and there are many and varied views and descriptions of what risk management involves, how it should be conducted and what it is for. Some form of standard is needed to ensure that there is an agreed:
Terminology related to the words used
Process by which risk management can be carried out
Organization structure for risk management
Objective for risk management
Risk management should be a continuous and developing process which runs throughout the organizations strategy and the implementation of that strategy. It should address methodically all the risks surrounding the organizations activities past, present and in particular, future.
Risk management is a import task for chief or officer in a organization or enterprise, It should be throughout the development in market.
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