Risk Awareness and Corporate Governance

This text provides a general introduction to the subject of risk and its relationship to the governance of companies. It offers an introductory understanding to the concept of risk, how it can be assessed and analysed, and consequently the principles that underpin its control and containment.;Since risk is a strategic issue, which is ultimately the responsibility of senior management, this text also explores the essential features of corporate governance. It should enable the reader to define and explain the general concept of risk and its essential features and effects, demonstrate a knowledge and understanding of the principles of risk assessment and the basic techniques of risk analysis and understand, describe, compare and contrast the concepts of "containment" and "control" of risk.