Risk management entails the ability to identify risks, measure the possible effects resulting from activities, and treating risks with minimal resources. Risk management is not a trend; instead, it serves as a foundation for implementing the principles of corporate governance. For businesses to achieve positive reputations based on resilient risk management practices, they require effective and efficient risk governance that includes structural, cultural, processes, and accountability enhancements that result in good strategic decision making. One of the tools that NuMillennium Strategies employs to mitigate financial risk is Palisade @Risk software which allows clients to see all possible outcomes that exist when considering complex financial decisions.
