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Deloitte Insights Podcast|Navigating Through Turbulence: The Urgent Need for Risk Intelligence Episode
When poorly managed, risk-taking can push companies to the brink of disaster. Today’s subprime crisis can be traced to many factors, but they all underscore the need for better Risk Intelligence. If they’re to avoid repeating the mistakes of the past, companies need to look at their organizations more like symphony orchestras with employees playing multiple parts in complex arrangements; that requires a risk management framework — and it requires knowing who is responsible for what. Business units have to work in synch, and risk managers cannot stay isolated in silos. Taking risks can pay off handsomely, but only if everyone is playing in tune.
Highlights:
We usually think of risk in terms of threats and danger — bad things happening to your business. What’s wrong with that type of perception?
To what extent should companies be standardizing on the same supporting technologies and processes in order to manage risk?
What does “owning” risk mean, and who in an organization should claim ownership of risk?
What are the consequences of being risk averse in a downturn?
Guests:
Robert Hansen, principal and global leader of Control Assurance services, Deloitte & Touche LLP
Henry Ristuccia, partner and U.S. leader of Governance and Risk Management practice, Deloitte & Touche LLP
[ Tue, 16 Dec 2008 15:16:51 GMT ]
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