Summary:
The book provides a comprehensive framework for managing enterprise risks by integrating risk management practices into business strategies, finance, and operations. It covers risk governance, risk identification, risk assessment, risk mitigation, and risk monitoring, offering practical insights and tools for executives and risk management professionals to align risk management with corporate goals.
Key points:
1. Risk Management Framework: James Lam stresses the need for a risk management system that covers risk detection, evaluation, control, and reporting, in line with company goals. It must be clear, accountable, and flexible to changes.
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