Risk Management at Davos
Gordon Burnes 270004HVEW email@example.com | | 0 Comments | 197 Visits
Risk management is a hot topic at Davos this year. Over on the Forbes blog, Paul Maidment notes that companies are thinking about how to improve their risk management approach, prompted in part by the new SEC proxy disclosure rules, though many are opting not to have a so-called risk committee. Maidment notes that management is responsible for educating board as to the state of risk exposure in the company. We would argue that there’s a step that has to happen first: companies have to put in place an information architecture that can provide transparency to that exposure in the first place. A rat’s nest of Excel spreadsheets won’t do the job.