The Institute of Risk Management (IRM) is risk management’s leading international professional education and training body. Together with The Association of Insurance and Risk Managers (AIRMIC) and Alarm (The Public Risk Management Association) they published their Risk Management Standard  in 2002. Good corporate governance requires that companies adopt a methodical approach to risk management, and the  IRM Risk Management Standard provides the toolbox. Interestingly, but perhaps not so surprising, that standard shares much common views with the current views on supply chain risk.

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