A company can be defined as: “ An entity that generates value for its stakeholders from the ability to assume the adequate risks”. Because of this, we believe that a company cannot exist without taking risks.
A good Risk Management model assists companies into anticipating themselves to any event risk, working in a preventive way and not in a reactive one! This allows them to foresee problems and be ready to take advantage of the opportunities.
A good risk management model needs a process of cultural change that allows the people who are responsible for the business to understand, in a collaborative way, their risks. The business and the risk team, instead of operating in a separate way, need to work together towards an integrated management of the business with the associated risks.