Enhance Your Risk Management and Create Value
John Lark, Grant Purdy · 2012
informal, and ad hoc. And this means that the organizations suffer losses and detrimental consequences at a higher rate than is acceptable and fail to identify, appreciate, and respond to all opportunities that might lead to gains. Clearly, shareholders and stakeholders reward and respect organizations that achieve their objectives. If organizations want to improve their level of success, they must understand the uncertainties they face and how to tackle these when they make decisions and take actions. This is, after all, the reason why so many corporate governance codes around the world now require boards to gain assurance on how well their organizations manage risk.