
16 • Supply Chain Risk Management: An Emerging Discipline
against the projected expenses to achieve compliance; and (4) prioritize,
fund, and initiate any corrective actions deemed necessary.
22
While com-
pliance reporting requirements have been around for many years, the
hazard events of the last 15years have brought about new compliance
requirements, particularly in the area of international supply chains.
Risk Governance
Risk governance includes the frameworks, tools, policies, procedures,
controls, and decision- making hierarchy employed to manage a busi-
ness from a risk management perspective. At times the governance struc-
ture includes a ...