Implementing Risk Management: A Study of Major Malaysian Corporations

Ahmed Shukri Yazid, Mohd Rasid Hussin, Matthias Beck

Research output: Chapter in Book/Report/Conference proceedingChapter (peer-reviewed)peer-review

Abstract

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.
Original languageEnglish
Title of host publicationUnderstanding Risk
Subtitle of host publicationContributions from the Journal of Risk and Governance
EditorsMatthias Beck
Pages99-108
Publication statusPublished - 2013

Bibliographical note

This is an updated and revised version of an article originally published in the Journal of Risk and Goverance

Keywords

  • Risk management
  • Financial risk
  • Risk
  • Corporate governance

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