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Ownership of Mutual Funds, Shareholder Sentiment, and Use of the Internet, 2011

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» “Tone at the top” is critical to promoting a risk-conscious culture. Senior management’s support, reinforcement, and continuing implementation of a robust risk management program are essential for setting a risk-conscious tone in an organization. Fund boards reinforce the tone through their focus and engagement on the topic of risk management. » Risk management is a process, not a project. Risk management is not a one-time or periodic assessment of risks; rather, it should be an ongoing part of business operations. Risk management fills a need not met by individual control functions such as compliance, legal,...
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Ownership of Mutual Funds, Shareholder Sentiment, and Use of the Internet, 2011

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