Friday, April 11, 2008

'Good risk management procedures need to be backed by good governance'

Do our companies understand financial risk?

India Inc. is going global. They are acquiring much larger competitors, aggressively entering new markets and exploring various financial tools. But the moot question is whether they can manage the risks that emanate from such moves.
Intense global competition and rapid growth are forcing Indian firms to examine corporate enterprise risk management (ERM) elsewhere, especially in Europe, Australia and North America, where the process is more mature, concludes a report by The Conference Board ( http://www.conference-board.org/ ), a non-partisan and not-for-profit business membership and research organisation.


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