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Elizabeth Carmichael is president of Carmichael Associates LLC. She formerly was director of compliance and risk management for Five Colleges Inc. She can be reached at [email protected]
Risk managers need to be aware of what an organization says it will do compared with how it acts.
Setting priorities for which risk to address first can be extremely challenging.
The risk management burden is endless and ever-varying.
Make the effort to brainstorm the upsides of a project while you’re in the process of assessing its risks.
It’s time for risk management to own compliance.