Mile Madinah: Building a Risk Management Culture by Horst Simon

All companies are practicing some level of risk management, either on a formal basis, with policies, processes and systems, or on an informal basis, without any risk management structure. Those who are not good at risk management or doing nothing about risk management will be exploited by those who are good at it, so it is time to do some “stock-taking” of your risk management capabilities.To start this process an organisation first needs to get an accurate picture of the current level of risk