- 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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