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Avoiding the value killers

Article Abstract:

A recent study by Deloitte suggests that there may be several defects in the way organizations deal with their enterprise risk management. According to the analysis of risks encountered by a hundred companies over the last decade, 80 percent of the companies with the greatest losses had been struck by two or more risks that were interconnected. This points out to the fact that there is a tendency among companies to compartmentalize risks, without considering how individual risks can interact and affect the whole organization. Other findings of the study are overviewed.

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Putting risk to committee vote

Article Abstract:

Risk oversight committees have become popular in the 1990s, as firms seek financial risk accountability and look for ways to monitor company-wide risks. Some laud these committees for distributing risk-related information to a wider cross-section of top managers, while others believe that they tend to segregate the management of financial risk from operating risks. Such committees should involve finance officers and the operating units that may be affected by risk management decisions and should address conflicts of interest prior to their creation.

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Doing business overseas

Article Abstract:

Methods on risk management for businesses, which are planning to do business in foreign countries, are presented.

Foreign operations, Management dynamics, Management, Company business management

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