Chapter 2
Raising the Bar: A Framework for Managing Risk
Timothy P. HedleyRichard H. Girgenti
Managing Risk and Building a Values-Based Culture
As discussed in Chapter 1, with the bar raised, companies today face unprecedented challenges in managing risk in the new era of regulatory enforcement. To thrive, leading organizations must devote effort and resources into ensuring they have appropriate and effective programs and processes in place to build a framework for managing this risk effectively and to foster and support a culture of integrity. There are regulatory frameworks, discussed in this chapter, that offer general guidance from which organizations can select the specific practices that best support compliance in light of their unique ...
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