"The most effective risk managers we have observed act quickly to move risk issues up the chain of command as they emerge, breaking through rigid governance mechanisms to get the right experts involved whether or not, for example, they sit on a formal risk-management committee." Partners Alexis Krivkovich and Cindy Levy recently wrote about the approaches to creating a culture that acknowledges risks, encourages transparency, and designs appropriate internal controls. Click to read more on building an effective risk culture; share your thoughts here and on Twitter @McKinsey (bit.ly/McKTweets) about how organizations can better prepare in uncertain times, especially in the wake of the global financial crisis.
Posted on: Thu, 11 Jul 2013 17:30:30 +0000
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