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Article: Risk undermanaged down under. (risk management in Australia)
- Article from:
- Business Insurance
- Article date:
- April 21, 1997
- Author:
CopyrightCOPYRIGHT 1997 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BRISBANE, Australia - Risk management is a technique "still relatively sparingly used and understood" in Australia, says John Boyd, principal corruption prevention officer with the Queensland Criminal Justice Commission, a government-established, independent unit that investigates white-collar crime.
Brian Crews, national president of the Assn. of Risk & Insurance Managers of Australasia, agreed that Australian company directors' knowledge of risk management is inadequate.
Both spoke at a Queensland ARIMA Chapter one-day conference in Brisbane last month. Other speakers also agreed that a major challenge for risk managers is to convince their boards of the ...