People Risk Management provides unique depth to a topic that has garnered intense interest in recent years. Based on the latest thinking in corporate governance, behavioural economics, human resources and operational risk, 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 in a way that could damage the business's performance and reputation. From fraud to bad business decisions, illegal activity to lax corporate governance, people risk - often called conduct risk - presents a growing challenge in today's complex, dispersed business organizations.
Framed by corporate events and challenges and including case studies from the LIBOR rate scandal, the BP oil spill, Lehman Brothers, Royal Bank of Scotland and Enron, People Risk Management provides best-practice guidance to managing risks associated with the behaviour of both employees and those outside a company. It offers practical tools, real-world examples, solutions and insights into how to implement an effective people risk management framework within an organization.
An expertly written book, it takes you to the heart of the risk problem - people. The best systems, the most up to date software, the most meticulous risk mitigation plan, all can be circumvented by human ingenuity. Via case studies and analytical framing the authors review, analyse and most usefully prescribe how people risk can be minimized but never eliminated. People Risk is not a HR function but a holistic framework of thinking and this book exposes you to it.