When a firm tries to explain away its losses by saying, “Our risk management broke down,” the explanation won’t wash.

Given all of the businesses we manage on all four corners of the world; spanning the US, Western Europe, the Middle East-North Africa (MENA) region, China, Russia and India, people often ask me how can my partners and I manage those relationships, trigger rewards and create opportunities with all of the inherent risks running such a global operation entails.

The answer is frankly very simple: At its most fundamental level, we at Blackhawk believe that risk management is a corporate culture issue. To manage risks effectively over time, employees must put the firm’s welfare and the preservation of important client relationships ahead of everything else. Risk is risk, and you can’t be perfect at managing it…Read more

Thanks,

Ziad Abdelnour

 

Ziad K. Abdelnour is President & CEO of Blackhawk Partners, Inc. , http://blackhawkpartners.com/ , Founder & President of the Financial Policy Council http://www.financialpolicycouncil.org/ and Author of Economic Warfare: Secrets of Wealth Creation in the Age of Welfare Politics http://www.amazon.com/Secrets-Economic-Warfare-Creating-Regulation/dp/1118150120/ref=sr_1_2?ie=UTF8&qid=1311437307&sr=8-2

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