The current economic environment and significant risk events over the last few years have caused companies to have a renewed focus on the effectiveness of risk management.
The fundamental outcome of a successful three lines of defense implementation is a continuous and self-correcting system to manage risks across the enterprise.
Each line works independently but collaboratively to identify and assess risks and self-correct gaps.
Without technology, it’s largely a manual process thus, a logical and coordinated approach to risk management is integral to its success.
https://www.randieri.com/en/english-how-can-i-break-through-traditional-business-risk-management/
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