In preparation for the meeting, the owners of all risks
will update the status.
Increasingly, equity analysts are evaluating and quantifying all risks faced by companies, and some have imposed "risk discounts" on future earnings based on any known or anticipated risks undertaken by the company.
In sum, corporate boards and senior management need to meet the new corporate governance expectations with respect to all risks, including tax risk.
And they are forward enough to point out: "Risk management will not prevent all risks
from occurring," but, importantly, "project-specific risk management is your first line of defense against risks." Or said another way, risk management will help stack the odds in your favor--but r ealize that this is not a sure bet.
Rather than sharing the costs of all risks
equally, the Red Men sought to minimize the financial costs of sickness by making benefits proportional to one's rank and investment in the order.
Some of the large insurance brokers are pushing companies to consider all risks
including commercial property, liability and employee benefits.
7 commentary in LANCET, physicians Adriane Fugh-Berman of the Washington, D.C.-based National Women's Health Network and Samuel Epstein of the University of Illinois School of Public Health in Chicago write that "informed consent is protective only when all facts relevant to benefits and risks are affirmatively disclosed." Because all risks
are not being routinely disclosed, Epstein says, "any institution and clinician, investigator, or oncologist that participates in this trial is at major risk from future malpractice and punitive-damage claims."
If one could measure all risks
and put them in a common framework, the thinking goes, one could invent all sorts of new risk-transfer instruments.
Enterprise-wide risk management is a coordinated and focused approach for managing all risks
It's consistent in that all risks
- regardless of the type or the business unit handling it - are assessed in light of the enterprise's overall risk retention and capital allocation policies.
(The term uninsurable risk is really a misnomer, since most risks can be insured in some manner if the insured is willing to pay the price.) In making these decisions, the insured should identify and evaluate the impact of high-frequency, low-loss risks; low-frequency, high-loss risks; and all risks
Only after all risks
are identified, analyzed and quantified can a company determine its risk retention/transfer strategy.