Risk management is the discipline of managing financial risks to allow the company to meet its financial obligations and ensure predictable business performance.
Life is full of surprises and business is no exception. Using the ISO 31000 definition, risk is the effect of uncertainty on objectives, whether positive or negative. Although risk by definition can produce either a positive or negative impact, in practice treasurers are more often worried about the negative effects of risk i.e. the possibility that an event could cause a loss.
Every user that purchases this How to Guide also receives a complimentary 12-month subscription to TMI Magazine.
TMI Magazine is the world's leading information source for treasurers, providing independent treasury articles, insights, news and case studies to you and your team.
Introduction to Managing Risk