Most companies consider their primary risk management tools to be compliance programs, internal controls, and internal and external audits. While reducing the incidence of ethical, reporting, and compliance violations is important, such a narrow focus prevents the risk-management function from helping their companies manage a much larger and ever-widening universe of risks.
When Every Employee Is a Risk Manager
Lessons from Switzerland’s electricity network.
January 25, 2021
Yagi Studio/Getty Images
Summary.
Risk management needs to be part of the daily lives of all employees up, down, and across an organization. Here’s how the Swiss electricity network achieves that.