A behavioral risk management system

Shigeyuki Goto
It is really vital for corporate management to determine the extent of uncertainty the entity is prepared to accept for increasing stakeholder's value. Board of directors would set up an entity's strategic objective, an entity's operational objectives, and its risk appetite. The management is expected to respond properly to the risk associated with complex environment, to guard against irrational decision-making, and over-commitment, and to introduce effective controls for securing efficient execution. Corporations should consider to...
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