|
|
Article: Australian risk surveys show division. (companies disregarded risk management procedures)
- Article from:
- Business Insurance
- Article date:
- May 11, 1998
- Author:
CopyrightCOPYRIGHT 1998 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)
|
Small, medium-sized companies question need for risk management: Study
While large Australian companies generally employ good risk management practices, many small and medium-size businesses do not understand the need for risk management programs, two surveys show.
The New York office of Coopers & Lybrand L.L.P. surveyed 29 major Australian corporations last December. The results, released this month, found that awareness of corporate governance requirements and the need for risk management is growing, but some corporations are slow to implement risk management procedures, said Robin Low, a partner in the risk and control practice of Coopers & Lybrand in ...