Canadian companies need to manage risk better; They don't implement factors they consider critical, study finds.(News)

Investment News, September, 2006

Byline: David Clarke Investing in Canadian companies appears to be risky. Seventy percent of respondents to an Ernst & Young LLP study released Aug. 29 said that their risk levels had risen over the previous two to three years, with nearly 32% reporting a significant increase, and just 10% reporting a decrease.

The study, "Risk Management in Canada: Moving Beyond Assessment,'' noted that companies are "... struggling with underdeveloped risk management programs that fail to provide the control expected from well-managed companies.'' "Many companies are assessing risk but struggle with managing it,'' said Robin Hutchinson, a partner at the Toronto office of New York-based Ernst & Young and the leader of its risk advisory services practice....

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