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Stronger Corporate Governance and Its Implications on Risk Management
Enterprise-wide risk management contributes to better governance, yet despite the pressures, many companies are in no hurry to implement ERM. Despite pressures to do so, many companies have yet to implement practices for better risk management. Such practices, whether implementing Enterprise-wide Risk Management or putting better information in the hands of directors, greatly improve corporate governance, these authors discovered. Moreover, they make the risk manager's job much more important.