RISK QUOTE: Keep your friends close, and your enemies closer.
—SUN-TZU, CHINESE GENERAL AND MILITARY STRATEGIST, AROUND 400 B.C.E.
RISK QUOTE: This was my father’s study. He taught me a lot of things in this room. He taught me to keep my friends close and my enemies closer.
—MICHAEL CORLEONE IN THE GODFATHER (1976)
Welcome to the world of enterprise risk management (ERM), one of the most popular and misunderstood of today’s important business topics. It is not very complex. It is not very expensive. It does add value. We just have to get it right. Until recently, businesses have been getting it wrong.
The first edition of this book carried us into the heart of risk management. It was mostly about how to do a better job of risk ...