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Risk and strategy consultancies should not be confused with international lobbying or advocacy groups, though there are occasional overlaps. Clients of risk and strategic consulting firms include companies, governments and government agencies, charities and non-government organizations, academic institutions and individuals.
A subsidiary of insurance broker Hogg Robinson, the firm aimed to minimize their exposure to kidnap and ransom payouts. The firm expanded its capabilities when these crisis management and incident response specialists were joined by political and security risk analysts, before becoming independent in 1982 following a management buyout. [3]
Example of risk assessment: A NASA model showing areas at high risk from impact for the International Space Station. Risk management is the identification, evaluation, and prioritization of risks, [1] followed by the minimization, monitoring, and control of the impact or probability of those risks occurring. [2]
Risk Strategies (officially incorporated as RSC Insurance Brokerage, Inc.) is a private insurance brokerage and risk management advisor. The firm was founded 1997 (27 years ago) in Boston , Massachusetts, by its current chairman, Mike Christian, as a specialty risk management consultancy.
This list includes notable management consulting firms.. Management consulting indicates both the industry of, and the practice of, helping organizations improve their performance, primarily through the analysis of existing business problems and development of plans for improvement.
The New York Stock Exchange requires the Audit Committees of its listed companies to "discuss policies with respect to risk assessment and risk management." The related commentary continues: "While it is the job of the CEO and senior management to assess and manage the company’s exposure to risk, the audit committee must discuss guidelines ...
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