Monday, February 11, 2008

Mentoring is critical to the future and development of any resource

Risks that control systems face from `creative responses'

Despite the widespread attention given to risk management, we get jolted by one major business failure or the other, almost routinely, with news reports that speak of bigger frauds (as in the case of SocGen), and massive losses, as for example of CitiGroup and Merrill Lynch. Are we learning newer lessons in risk management in the process? Is the risk appetite of businesses soaring dangerously and unsustainably?

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