Chapter 4. Risk management

Introduction

 

“In these uncertain times, CEOs across the globe still see new opportunities and are confident of their companies’ abilities to seize them. Many expect to meet or beat internal earnings projections. But they are also mindful of the many threats to growth within that environment and cautious when it comes to putting their firms at risk.”

 
 --PricewaterhouseCoopers, 6th Annual Global CEO Survey

Traditionally, there have been two strands of corporate risk management: financial and insurance. These risks have been managed in different parts of the organization: insurance matters are dealt with by the insurance or risk manager, while the corporate treasurer or finance director has had responsibility for financial ...

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