Numbers are in vogue. Scanning recent bestseller lists, we seethat numbers are popular in book titles. In fact, numbers and listsseem to dominate the charts. These include Ten Stupid Things thatWomen Do to Mess Up Their Lives, The Five People You Meet inHeaven, A Second Helping of Chicken Soup for the Soul, and TheSeven Habits of Highly Effective People.

Just as there are highly effective people, there are highlyeffective companies. Some companies have built highly effectiverisk management systems that include ways to reduce financial riskor cushion its blow.

Let us look at five steps to building a world-class riskmanagement department:

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