Limits on a company's ability to manage risk.(A Debate on Risk Management Standards)(Column) From: Risk Management | Date: January 1, 1997| Author: | COPYRIGHT 1997 Risk Management Society Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information) Copyright information

Risk management would not be well served by written standards that are common to other fields. This is because risk management is a multifaceted practice that requires flexibility and different approaches according to the kind of company that it is applied to. Risk managers need an unhampered environment in which to function creatively. Although there are many admirable educational programs for risk managers, their use should not be mandatory because not all risk managers need the same skills.

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