A sound system of internal control, capable of responding quickly to business risks as they emerge, is seen as best practice not only for listed companies but also for other private and public sector organisations. Although many organisations have been through the early stages of risk management implementation, many are still struggling with the concept of embedding risk management fully into their culture.
The Briefing Note highlights the many benefits that can be gained from a fully embedded risk management system. It discusses some of the key success factors involved as well as providing useful suggestions for implementation. The Briefing Note also contains a case study on the Co-operative Group.