This study presents findings from a series of interviews with Risk Managers and/or Chief Risk Officers from major Malaysian companies about the prerequisites for the effective implementation of Risk Management programmes. The interviews highlight the importance of a number of factors, including: a strong commitment from the Board of Directors and Management in general, a desire for an appropriate risk culture, the development of formal Risk Management frameworks and policies, a recognition of the importance of risk communication, the appointment of a Chief Risk Officer (CRO) and the development of a complementary system of internal audit.
|Title of host publication||Understanding Risk|
|Subtitle of host publication||Contributions from the Journal of Risk and Governance|
|Publication status||Published - 2013|
Bibliographical noteThis is an updated and revised version of an article originally published in the Journal of Risk and Goverance
- Risk management
- Financial risk
- Corporate governance