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The ability to manage people risk is a key component of success of failure. You have been warned.” Eliane Fuchs, President, POG
Wednesday 25th June saw the Luxembourg Chamber of Commerce host a well attended half-day conference organised by PRiM (the association of Risk Management Professionals in Luxembourg) in association with POG (the Personnel Officers’ Group) and Hudson on a topic which is becoming of increasing importance – People Risk. Michael May, President of PRiM opened the conference by saying, “Basel II defines operational risk as ‘the risk of loss resulting from inadequate or failed processes or systems, human factors or external events.’” He continued that, “We tell our staff that they are our greatest assets, and then forget that ALL management should...
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