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Why boards should face up to weak enterprise management
Imperial Bank depositors protest after the bank was put under receivership. The depositors will now have to wait longer for their payment after a Mombasa tycoon, Ashok Doshi, obtained orders blocking any payments pending the determination of his petition. FILE PHOTO | NMG
Corporate risk arises at every level in organisations. This can take the form of strategic, managerial, and operational risk. Running a business, indeed running almost every enterprise, involves risk.
In many business situations, the greater the risk, the greater the potential return to the enterprise. The challenge to boards is to balance risk with acceptable reward.
