SHARED FROM:
RISK
MANAGEMENT REPORT WARNS AGAINST SILO MENTALITY
BY CIMA
ACCOUNTANTS
TODAY, DECEMBER 2010
Risk management
is no longer the exclusive domain of the finance function. Effective management of risk can only be
achieved if it is clearly linked to operational performance. Research found that risk management is no
longer solely a financial discipline or simply a concern for internal
control. Risk management must be
embedded in the overall organizational culture.
The link between risk and management and performance must be clearly laid out.
Risk management
is design to protect and enhance the delivery of corporate objectives.
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