Rethinking Risk Assessment: A Systemic Approach to Risk Measurement
Company management, understood as the balanced governance of the relationship between risk and return, is not a new topic, although it has evolved dramatically over time. While from a traditional perspective, this relationship was mainly interpreted in economic and financial terms, with the development of corporate governance models, the concept of return has gradually broadened to encompass a company’s ability to generate sustainable value for a wide range of stakeholders. This is the direction, for example, of integrated reporting frameworks, as well as the most recent advances in ESG performance ...