Reason 1 : Only rhetoric support from Board and Top Management
Reason 2 : Poor understanding of risk fundamentals
Reason 3 : Ill-planned risk management framework
Reason 4 : Risk-scoping for the macro and micro profiles poorly conducted
Reason 5 : Little buy in from employees and staffs
Reason 6 : More reactive and fever proactive risk management
Source - Joseph Eby Ruin / NST
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