Saturday, May 17, 2008

REASONS WHY RISK MANAGEMENT FAILS

  • Reason 1 : Only rhetoric support from board and top management
  • Reason 2 : Poor understanding of risk fundamentals
  • Reason 3 : Ill-planned risk management framework
  • Reason 4 : Risk-scoping for the macro and micro risk profiles poorly conducted
  • Reason 5 : Little buy-in from employees and staff
  • Reason 6 : More reactive and fewer proactive risk management

Source - Joseph Eby Ruin / Appointment / NST

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