Risk Managers Stature Grows,Even As Budgets Shrink

Heightened awareness of threats to customer and employee safetyas well as to the corporate boardroomhas raised the status and importance of risk management in the eyes of the public and top executives, risk managers agreed.

Risk managers also reported that the continuing economic slump has taken its toll on risk management department budgets and head count, as it has with many other staff functions. The continuing hard insurance market adds to the urgency and quantity of their work.

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