Risk Takers vs. Risk Managers

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The very word “risk management” is a problem. It’s too intuitive. Mention “risk management” to someone, and they will know what you are talking about. Or they will think they do. Ask people to define risk management, and issues arise. Definitions of Risk Management Here’s the COSO 2004 definition: … risk management is a process, effected by an entity’s board of directors, management and other … Continue reading Risk Takers vs. Risk Managers

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