RISK QUOTE: I’ve missed over 9,000 shots in my career. I’ve lost almost 300 games. Twenty-six times I’ve been trusted to take the game-winning shot… and missed. I’ve failed over and over and over again in my life. And that is why I succeed.
—MICHAEL JORDAN, STAR BASKETBALL PLAYER
RISK QUOTE: I feel that luck is preparation meeting opportunity.
—OPRAH WINFREY, BUSINESSWOMAN AND TV PERSONALITY
A critical risk involves the leadership of the entity and leaders of key units and initiatives. Rarely discussed in conversations about enterprise risk management, the failure of leadership can be linked directly to unexpected losses and missed opportunities. In this chapter, we examine leadership as a component in an ERM program. ...