There is a basic shift in the paradigm of risk management practices and has placed greater emphasis on the successful identification, quantification, mitigation, control and financing of risk. Evolving concepts of risk are leading to complex management perspectives requiring an integrated view of the finances and operations of a corporation. Today’s risk manager must generate a comprehensive context of risks faced by the enterprises. The process of risk management involves the following: Recognition and understanding, measurement and, monitoring and control. In order to effective risk management, a comprehensive risk management policy has to be formulated incorporating a detailed structure of limits and guidelines to be followed and a Strong Management Information System (MIS) build up for continuous monitoring and reporting of risk exposures.
ABOUT THE AUTHOR R.K. Shrivastawa
Dr. R.K. Shrivastawa passed M.Com, Ph.D. from Bhagalpur University, Bhagalpur. He holds twenty years teaching experience at B.Com (Hons.) and Post-Graduate level. He is a reader, university Deptt. of Commerce, BRA Bihar University, Muzaffarpur. More than 20 research papers have been approved I leading academic journals. He is an Editor/Author of many outstanding research books with Dr. S.B. Verma (Editor of this book). He is an expert in life management strategy. He has participated and contributed papers in national conferences-cum-seminars.
ABOUT THE AUTHOR S.B. Verma
Dr. S.B. Verma got through Master degree in Commerce and Economics as well as Bachelor degree in Law from Bihar University, Muzaffarpur. He was awarded Ph.D. degree from Patna University, Patna and also D.Litt degree from Allahabad Univesity, Allahabad. He had been Reader at Nagaland Central University, Kohima, and Lecturer at HNB University, Garhwal. He is faculty member of Commerce, SNS College, Muzaffarpur, Bihar University, Muzaffarpur; Guest faculty at many universities and a National Fellow. He is an Academic Counselor for many educational institutions. Dr. Verma is a member of All India Commerce Association, and All India Accounting Association. He was granted a major project of UGC. He has extensively published research papers in leading academic journals and contributed a number of papers in National and International Seminar-cum-Conferences. He is a renowned author and editor of more than three dozen outstanding research books. He has guided many Ph.D. students. Dr. Verma is a distinguished personality in commerce and management. He has throughout a meritorious career.
ABOUT THE AUTHOR Y. Upadhyay
Dr. Y. Upadhyay got M.Com., M.Phil., Ph.D. from Jiwaji University, Gwalior. More than a dozen research papers have been published in many national and international journals to his credit. He is a life member of many national level academic bodies. He was a faculty member, Prestige Institute of Management, Gwalior, dean, faculty of Commerce, Chairman Library and Comptroller, MGCG University, Kitrakoot. He did participant FDP programme, IIM, Ahmedabad. He is a reader in Management Institute of Commerce and Management, Jiwaji University, Gwalior.
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