SHIFTING PRIORITIES

Today’s Financial Times special report on risk management quotes Hans-Kristian Bryn, director of Mercer Oliver Wyman’s enterprise risk consulting practice as saying: “We are seeing a shift from executives being concerned with being able to comply with the governance process, to executives asking: ‘How do we get maximum value out of the effort we are deploying in risk management?”

The shift in approach bodes well for reducing unnecessary legal risk and building a corporate culture of compliance and legal literacy.  The more integrated risk management is into day-to-day decision making, the more companies will be able to minimize unwanted risk and maximize opportunity.

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