141. What is Risk Management 2 and why most risk managers fail to implement it? - Alex Sidorenko

Alex Sidorenko from RISK-ACADEMY talks about risk management 2, what it involves and why the name is not a good idea but Ihe will still continue to use it. For a long time, I naively thought that by doing good risk management all the key stakeholders would be satisfied, but the reality is, different stakeholders want completely different things. There is risk management 1 – risk management for external stakeholders (Board, auditors, regulators, government, credit rating agencies, insurance companies and banks) and risk management 2 – risk management for the decision makers inside the company.

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Thanx for summarizing the idea of RM2!