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In the wake of the global economic meltdown, chances are there isn't a boardroom or executive management office anywhere today where the topic of improving the organization's risk management capabilities, processes, tools and training isn't top of mind. Risk management must be institutionalized, integrated and aligned with the operating model of the business. To be effective, risk management must be a normal and expected component of the meetings and reviews that are held and the questions that are asked. Risk issues must inform governance and decision-making processes, the training people receive, the management and leadership cultural behaviors expected throughout the organization and the reward structures in place.
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