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Article: Mastering risk management
- Article from:
- New Straits Times
- Article date:
- November 17, 2007
- Author:
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Joseph Eby Ruin
New Straits Times
11-17-2007
Mastering risk management
Byline: Joseph Eby Ruin
Edition: Main/Lifestyle
Section: Main Section
THE management and board, whether they operate business outfit or nonbusiness operation, like to resort to effective risk management so that capital or investment that is put to risk or exposed to uncertainty is safeguarded and expanded. This is also what I like to refer to as preserving and enhancing shareholders' or stakeholders' values.
Given the known fact, inherent risks indeed are very uncertain while residual risks are difficult to discard and completely ignore. What is the cardinal focus for risk management? The focus or cardinal goal is to ...