Friday, May 27, 2016

Spring Cleaning

By Rick Nason, PhD, CFA
Partner, RSD Solutions Inc.
It’s that time of year again when many homes go through a spring cleaning.  The broken stuff gets tossed, while the unused stuff gets sent to the charity bin at the shopping centre.  Spring cleaning is a lot of hard work, but almost everyone likes the look and feel of their house much better after it is done.  Clutter is gone, things are easier to find, the rooms seem brighter and smell cleaner and overall the house seems fresher and more optimistic. 
If spring cleaning does that much to improve a house, how much will spring cleaning your risk management do for your corporation?  What parts of your risk management are broken and should be sent to the trash?  How much has been unused for so long that no one can remember why that particular process was put in place to begin with?  What corners need a deep cleaning to get out the accumulated dirt that gets missed by the more casual cleanings?
Spring cleaning freshens and improves a house and it freshens and improves risk management as well.

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