Business Reporter

A one-dimensional approach to managing risk could lead companies to lose out on potential opportunity instead of optimising for profit A blanket approach to risk management can lead to missed opportunities. “In a bid to cut costs, companies often turn away business from large groups of customers that they perceive to be high-risk, or accept [...]

Experts can help boards manage the biggest issues facing them in today’s fast changing world – and help them turn risk to advantage The business world is more interconnected, more volatile and more unpredictable than ever before. And the pace of change is increasing. Success today is no longer a predictor of success tomorrow. In [...]

Political turmoil, the financial crisis and climate change are forcing board directors to play a more active role in managing risk The board of energy giant Royal Dutch Shell regularly sits down and plays out disaster scenarios. Advised by the company’s business intelligence unit, the board imagines what would happen if there were an atomic [...]

As well as managing business risks, directors should consider the risks they face in a personal capacity A seat on the board may bring handsome rewards, but most directors appreciate the job carries risks as well. Pitfalls come in a variety of shapes and forms. Simple administrative lapses, such as a failure to keep accounting [...]

Recent corporate disasters suggest that traditional means of assessing and managing risk aren’t up to the mark. Board directors need to think more creatively The starting point in looking to the future of risk management in the UK must be some assessment of how well the discipline is practised at the moment. The answer, according [...]