Wt is the purpose of risk management industry standards


7. Summarize in one sentence how each of the fol- lowing organizations failed to practice risk management:

a. Metallgesellschaft

b. Orange County

c. Barings

d. Proctor and Gamble

8. What is the purpose of risk management industry standards?

9. What responsibilities does senior management assume in a risk management system?

10. What is the most important component of an effective risk management system?

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