Outline key areas where risk management can be effective

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Reference no: EM132176742

You have been appointed as chief risk officer for global retailer and your responsibilities cover achieving value from risk. After two months in the post you realise that most of the top 2o executives globally tend to see risk management as a low level operational tool, not as a source of strategic benefit. A new CEO has also just started and shares your realisation. Required: Produce a report to the CEO which includes any key assumptions you have made. Specific expertise in retail is not expected. The report should cover two areas. i. Outline key areas where risk management can be more effective if its top executive group does have an appropriate strategic outlook ii. Propose practical steps over a 6 month period which are aimed specifically at the top 30 group of executives and is likely to speed u their understanding of the strategic perspective on risk management.

Reference no: EM132176742

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