State the importance of risk management

      

State the importance of risk management

  

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Simon
• Helps in communicating clearly the philosophy of the company concerning risk management.
• Helps in ensuring that the company is proactive in its risk management functions and not just managing crises when they arise.
• Helps in setting a benchmark for measuring the effectiveness of the risk manager and risk management department.
• Helps in ensuring long term objectives are thought out.
• Helps in focusing attention on the work of the risk management department, and its relationship to other sections.

skilled writter answered the question on April 27, 2018 at 17:46


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