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May 27, 2012

Risk management - Financial Vs Process safety

An article about the recent financial issue in a leading company mentions that a shareholder group warned the management that risk management was not up to the mark. The group also mentioned that there was no person with adequate financial expertise in the risk management committee. Chemical manufacturing companies also need to have persons with expertise in manufacturing and process safety in their risk management committees. Risk cannot be managed unless it is understood. Read the article in this link.

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