By Rick Nason, PhD, CFA
Partner, RSD Solutions Inc.
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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