Tag Archives: Risk management by Boards

Convergence of Risk Management and Governance

Risk management is the identification, assessment, and prioritization of risks. Risk management in normal life means that it should be avoided but in corporate life it does not mean the same. It is defined in ISO 31000 as the effect … Continue reading

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Board Oversight of Risk Management

Every company and financial institutions specifically are focused on internal controls over financial reporting (ICOFR), in the process neglecting risk management over the corporate strategy and it’s implementation. Failure of risk management is an important cause for many of the … Continue reading

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