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Airmic has issued guidance ( see link below) on the need for improved Risk Reporting citing examples from several companies.

This research into corporate risk reporting was undertaken to determine whether  recent catastrophic company failures, together with the global financial crisis that started in 2008, have resulted in enhanced standards of risk and risk management reporting. The presumption being tested was that improved standards of risk management within companies should result in improved standards of risk reporting.

 

AIRMIC Risk Reporting guidelines

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