People Risk Management

It is often said that the most valuable asset that a company has is its people. Whilst this is true enough for many businesses, not only are people the greatest asset, they can also be the greatest liability. Prevention is better than cure when it comes to managing people risk: the litany of corporate failures used as case studies in the book attest to this. A sub-category of operational risk management, people risk can be defined as the risk that people do not follow the organization's procedures, practices and/or rules, thus deviating from expected behaviour. This new book explains people risk, and enables the reader to consider it within the context of their own organization. Framed by recent corporate events and challenges and including case studies from the LIBOR rate scandal, the BP oil spill, Lehman Brothers, AIG and HBOS, People Risk Management provides unique depth to a topic that has garnered increased interest in recent years. It offers practical tools, solutions and insights into how to implement an effective people risk management framework within your organisation. With models and best practice advice to help you understand the root causes, it helps you address organizational culture and the influence it can have on behaviour. By exploring real-world examples of how ineffective people management can cause crises, the authors show you how to formulate and manage the roles and responsibilities of those directly involved in governance arrangements. A ground-breaking practical text, People Risk Management is an essential tool for any risk practitioner, manager or director.