THE RISK OF RISK MANAGEMENT February 5, 2014Posted by Ishmael Chibvuri in Latest Articles!!!.
Last year I published an article on Governance and a number of people wrote to me, critiquing the article over its failure to adequately include risk as a separate item in the frameworks I was using. Their point was that while risk management is an integral and mandatory discipline for executive management and company directors, it is sufficiently important for it to be addressed as an item in its own right.
I agree with this point of view but am not convinced that risk management is something separate from the day to day running of the business. To be fair I don’t think the people critiquing my article intended that risk be separated from the business; rather their view was that it is a specific discipline and it requires special emphasis in the business. This is particularly true as the operational time horizon shifts from tactical to strategic for the…
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