The article focuses on important distinction between enterprise risk management and strategic risk management and regarding the role of board directors in the risk management. It mentions that different way to identify and manage risk such as financial crisis to inadequate risk management by banks and other financial institutions, risks with subprime mortgages and increasing the risk for profit..
Bromiley, Philip and Rau, Devaki, "A better way of managing major risks" (2016). Faculty Peer-Reviewed Publications. 923.
Department of Management
IESE Business School