The balance between risk and reward is the very essence of business, and risk management is an essential aspect of good corporate governance. You have to take risks in order to generate returns and, generally speaking, higher returns involve greater risks. However, in a world of increasing complexity and uncertainty, companies must manage risk more rigorously than ever – and failing to do so can carry astronomical costs.

In order to manage business risk it is imperative that, from the board downwards, a company is structured to provide clear controls on risks and to deliver transparent reporting to stakeholders. Passively complying with rules and regulations is no longer an option.

This third edition of Managing Business Risk is a practical guide to potential areas of risk within a business, bringing you completely up to date with the very latest practices and techniques for managing risk in a structured and integrated way.

Contributors include:

• ACE European Group
• Alexander Forbes International Risk Services
• British Standards Institution
• Chartered Institute of Management Accountants
• Chartered Institute of Purchasing and Supply
• Commercial Security International Ltd
• Continuity Systems Ltd
• Cranfield School of Management
• C2i International
• DNV Consulting
• EMI Group plc
• Federation of Small Businesses
• Hewlett Packard
• Institute of Risk Management
• Lane Clark & Peacock LLP
• Lloyds Register Quality Assurance Ltd (LRQA)
• Norland Managed Services Ltd
• Protiviti
• Simmons & Simmons