Realities of Risk Management/Leadership:
Realities of Risk Management/ Leadership:
1
Balancing of the risks and rewards are essential components of virtually all business decisions you make.
2
The responsibility of “Risk Management” can not be delegated to “Compliance Score Keepers”
3
Despite all the precautions you take, eventually some issue or crisis will arise for which is beyond your resources to handle by yourself.
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Risk Management Advisory
• Pull together what you know and don’t know about the situation
• Prioritize what is most urgent to respond to
• Decide what needs to be communicated and to whom
• After the dust settles, determine how to mitigate future occurrences
• Evaluate whether loses maybe covered by insurance
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