Managing The New Risks (Or, Governing In The World According To GARP)
- Topics:
- Enterprise Risk Management
- Tags:
- Board Member,
- Security,
- Risk,
- Management,
- Financial Planning,
- Finance,
- Corporate Law,
- Corporate Governance,
- Business Operations,
- Strategy
- Source:
- Board Member
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Overview: Most organizations tend to take things in their hand when encountering risks. However, researches suggest that by resorting to aforesaid method, companies only aggravate the situation. Companies must abide by the Generally Accepted Risk Principles (GARP) to overcome the losses incurred by risks. Experts suggest that organizations must take the help of insurance brokers, internal risk managers, and risk management organizations to curb the critical situation. The onus for managing risks must not be put on the shoulders of managers. The paper examines why CEOs or managers are not suitable for managing risks.
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Format: HTML | Date: Jan 2002 | Pages: 1
