In today’s uncertain business environment, there are both increasing demands for transparency into an organization's risk profile and greater penalties associated with the failure to manage key risks.
Against this backdrop, it is increasingly important for organizations to identify and assess their risk and to establish that risks are being managed with pre-defined tolerances. Risks may range from well known risks that are inherent to the business to unknown risks that are just emerging.
Risk resilient organizations must objectively assess their existing risk management capabilities, evaluate their organizational culture with regard to risk, performance and reward, and implement sustainable risk management practices.
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