THE DEFINITIVE GUIDE TO A RISK MANAGEMENT INFORMATION SYSTEM 13
The professional risk manager's role has expanded from assistant to
the corporate treasurer back in the 1960s, to include business continuity,
compliance, corporate governance, auditing and so on today. The extra
responsibilities put pressure on the risk manager, which means he or
she is turning to technology as a facilitator, to help speed up processes
and aid decision making, whilst also handling larger volumes of data
than ever before.
EXPANDING RESPONSIBILITIES OF TODAY'S RISK MANAGER
Nowadays, complex global supply chains and an Internet-spawned
24-hour news cycle fueled by social media have posed additional
challenges for companies to manage risks related to their reputation and
brand. While some consider damage to reputation a risk in its own right,
others may consider it as a consequence of other risks. Either way, it is
clear that all risks may impact or be impacted by damage to reputation.
BRAND REPUTATION
