Friday, 28 October 2016

How Risk Management is Driving Today's Boardroom Decisions

October 28, 2016



Engr. Ademola Isaac Olorunfemi, FNSE (President, Nigerian Society of Engineers 2013 - 2015). says in the Foreword of the book Risk Management and other Professions: 
Today, Engineers, Architects, Geologists, Surveyors, Estate Managers, Town Planners, Bankers, Accountants, Medical Practitioners, Economits, Legal Practitioners, Journalists, Investors and others have discovered new trends in enhancing total control over their callings. For effectiveness and efficiency, there is a need to think out of the box, hence the essence of risk management in our professional callings.

Vidya Phalke, CTO at MetricStream, says stakeholders are increasingly holding corporate leadership to a higher standard when it comes to managing risks of all kinds — systemic risk, geopolitical risk, credit risk, cyber risk, macroeconomic risk, technology risk, and more.

While great strides have been made, and many crises have been averted, we continue to see the front-page stories play out about those risks that weren’t adequately understood or managed. Alongside this, the news media and popular culture have shaped our thinking around risk as something to be avoided — as the inevitable evil of doing business.

However, those organizations that are leading the charge on effective risk management are taking a radically different view of risk — rather than viewing risk as a negative that must be avoided, they view risk as opportunity. If you know what your risks are, you are in a better position to make decisions that drive better business performance. This refreshing view of risk is being led at the top – in the boardroom – where many business leaders are re-thinking, re-imagining, and reshaping the conversation about risk.

To learn more on How Risk Management has been driving today's Boardroom Decisions, order a copy of  Risk Management and Other Professions today.The book strives also to arouse the awareness of professionals to risks associated with their responsibilities in their different professions; and how to mitigate such risks effectively. The book strives to bring the fore what risks professionals face and how to manage such risks. It offers views on the way forward towards achieving risk management objectives, goals and targets in alignment with organizational strategies.

Get a copy of the book Today;
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