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Why taking risks is essential
India, Aug. 5 -- Risk management is a vantage point of perception, which has now become endemic. Almost nothing gets done without some reflection on the risks involved. Progressively, it is being remitted to the audit function. Yet, it is not bound by it. Concerted attempts are being made to widen and deepen its operations. Historically speaking, the area received the first formal limelight when corporate regulatory agencies made it mandatory to have a function with this "title" in all listed companies. The aim of risk management was to have a separate identity. It was envisaged that under his/her overall control, the risk management wing shall carry out its responsibilities and he/she would at least have the rank of an executive director o...
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