Boards manage risk much as sailors used to navigate, through clumsy "dead reckoning." Huge benefits come from more precision.
Peadar Duffy
Peadar Duffy is founder and chairman of Risk Management International (RMI) a firm that has been advising clients in relation to risk in Ireland and internationally for more than 20 years. He is a member of the International Organisation for Standardization (ISO) TC 262 Working Group 2, which is currently undertaking a review of the global standard for risk management (ISO 31000).