About this Book

Over the past 25 years, there has been a growing realization that failure to implement robust risk management in an organization is likely to lead to damage to corporate finances, overall performance, reputation and share values. In extreme cases, corporate survival can be at stake. However, despite greater awareness and risk control efforts, major corporate risk failures continue to arise. The book provides some key reasons and insights into why increased regulation and ever more elaborate corporate risk 'systems' have failed, and continue to fail in many cases, to result in a proportionate increase in actual risk control. The book is predominantly a thinking aid rather than a prescription for guaranteed success in corporate risk management (which claim, in any event, would be suspect). Reference is made to suitable guides such as ISO 31000, ISO 22301 Business Continuity Management, PAS 200 Crisis Management, the revised UK Code on Corporate Governance and the EU green paper on Corporate Governance . However, as noted in Managing Risk (Waring & Glendon,1998), the author is firmly against 'salvation models' that purport to offer an easy, trouble-free route to a risk nirvana. Nevertheless, many of the chapters do contain summaries of key points intended to assist the reader's practical application to improvement of corporate risk management