Boards manage risk much as sailors used to navigate, through clumsy "dead reckoning." Huge benefits come from more precision.
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Peadar Duffy
Peadar Duffy is founder and chairman of Risk Management International (RMI) a firm that has been advising clients in relation to risk in Ireland and internationally for more than 20 years. He is a member of the International Organisation for Standardization (ISO) TC 262 Working Group 2, which is currently undertaking a review of the global standard for risk management (ISO 31000).