ACC 544 Week 1 DQs

May 8th, 2015
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ACC 544 Week 1 DQs

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Week 1DQ1 Who do you believe is primarily responsible for risk management for an organization?All of us agree that taking risks is a part of life and definitely part of running a business venture. The outcome of the uncertainties (e.g. FED decision on interest rates, oil spill in the Gulf, tornado destroys key structures) are not controllable by the management, but the impact of these outcomes can be influenced. Good risk management can not only help mitigate the impact of negative outcomes, but leverage off on positive outcomes and advance the company.My experience in the investment management world is that risk management moved from being a practice of few to an critical management practice, especially post Lehman. Organizations are giving enterprise risk management increasing attention, high-level accountability and clear responsibilities companies realized that risk management a) can preserve shareholder value through risk-based decision making and capital allocation, b) will attract new investors who will increasingly reward entities with strong risk framework (e.g. it became a key selling point for hedge funds) and c) became a requirement by regulators.So we know tha

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