At a recent sponsored forum we asked nearly 200 of our clients hailing from a wide array of indus tries to indulge in an important exercise We asked them to identify the most critical risk manage ment concepts discuss them in detail and then develop a blueprint that every resilient organiza tion should follow Many of our clients share our philosophy of resilience The core of resilience is the knowledge that the majority of loss is preventable We recently convened a group of nearly 200 risk man agement leaders from several large well known firms across a spectrum of industries to discuss best practices in risk management These professionals offered their experience and expertise on the benefits of resilience Together they identified a handful of key focus areas for every organi zation intent on creating or maintaining a tangible culture of resilience While we assembled this group we did not influence the proceedings Rather we allowed our clients to dictate the discussion and determine its outcomes What follows is the result of this candid forum the eight crucial risk management components that every resilient organization should focus on ISSUE 2 2015 REASON 41

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