Article | REF: AG1100 V2

Global risk management

Author: Bernard BARTHELEMY

Publication date: April 10, 2013

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1. GGR methodology

The aim of GGR is not to avoid risks, but to know which risks are worth taking (figure 1 ).

Nor should Global Risk Management be confused with compliance with statutory rules and regulations.

Example

Perhaps the best illustration of this difference is the following image: in a culture of conformity, when you arrive at a crosswalk, you stop when the pedestrian red light flashes, there's no question of crossing.

In a risk management culture, you look at the traffic light, you look left and right to see if there are vehicles coming, and if the lane is clear, you cross!

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