It’s not about the manual: Paul Mather on risk management at shell
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More and more firms are now putting low probability catastrophic risks higher on their agenda. According to the authors of a recently published book, the reason for this is simple: these events are happening more often.
Spreadsheets and other end-user controlled applications (EUCs) are core elements in most companies’ financial reporting and operational processes. What is alarming is that one inadvertent error in these critical files can have material consequences.
The highly disruptive world in which we live means that the need for organisations to be able to respond quickly and effectively to rapidly emerging risks or sudden crises has never been greater.
Risk strategy drives an organisation’s ability to respond effectively to today’s dynamic world. But not all risk strategies are at the same level of maturity.