Environmental auditing and monitoring systems. Treasury cash management. An important new function that has been recently added to the risk manager's role is that of company spokesperson on matters of public concern over risk. Risk communication is an offshoot of risk management. This new task is in line with the increased interest in by organizations in reputation risk.
Managers put assets at risk to achieve objectives.
This simple truth should be enough for most senior managers to understand where expertise in risk management needs to be in the organization. Effective risk management depends on an enlightened management team that understands business risk and the role of the modern risk manager. To self-assess whether your organization is ready for the new risk management, answer the following questions. We are faced with many surprising difficulties. I am provided with the tools I need to assess risk.