Who Are Your Risk Managers?
Specific risk management roles and responsibilities cascade from the board and CEO. Many of the staff perform risk management roles in their respective areas. Staff functions such as human resources, compliance, and legal all have important supporting roles in designing or shaping effective risk management capabilities.
Human resources has a twofold role in risk management:
◆ To implement and manage initiatives that relate to the broader culture and capabilities of the organization
◆ To support the hiring of specific personnel
The human resources department implements training and cultural awareness programs and change management. The department also designs and implements the company’s code of ...