COMPANY BOSSES are being warned not to twiddle their thumbs and leave risk management to their subordinates.
Risk assurance experts from professional services firm PricewaterhouseCoopers (PwC) on Tuesday advised senior executives that they needed to lead by example and ensure that issues such as financial fraud did not cripple their enterprises.
The advice came from PwC risk assurance leader in the Caribbean, Bruce Scott, and risk assurance partner Carolyn Bell-Wisdom. They were speaking at Radisson Aquatica Hotel during a PwC risk management seminar entitled Better Risk Management, Better Business Performance.
Scott said companies needed to structure their risk management from top to bottom, starting with senior executives who should determine the areas of greatest risk in the context of their operational objectives. (SC)
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