In the last few years boards have become increasingly aware of the need to effectively manage risk. But even with this renewed focus, boards may be blind to some key risks or fail to understand them as deeply as they need to.
Research has identified a key group of risks that go beyond traditional risk management analysis. In an ever more complex business environment coupled with increasing expectations of corporate behaviour, it is vital that boards are able to address strategic risk issues.
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Risk comes from not knowing what you’re doing
Warren E. Buffett
CEO, Berkshire Hathaway Inc.