Corporate governance and risk management: Relationships and regulations

As corporate governance and risk management practices have become more greatly entwined with regulation, many firms run the risk of overlooking the fundamental opportunities that these principles can bring to the business. In this article, Chris Charman, managing director of Thomas Miller Risk Management (UK) Limited, explains how the relationships have blurred and how firms can use corporate governance and risk management to their benefit.

Risk management is rarely seen as an opportunity. Too often it seems, to quote Robert Lowell, “If we see the light at the end of the tunnel, it’s the light of the oncoming train”. However, one of the key themes of the recent Risk Management Conference organised by Thomas Miller was that just because you have to do something, it doesn’t mean that you shouldn’t get a win out of doing it.