From the very start of 2011, the almost Biblical succession of snow, tsunami, nuclear meltdown, revolution in the Middle East, phone hacking, the sovereign debt crisis and rioting across the UK, brought into even sharper focus the myriad of different forms risk can take.The issue was already high on the corporate agenda as the full financial impact of the credit crisis hit home. That increased concern was reflected in an update to the FRC's UK Corporate Governance Code, to clarify boards' responsibility for managing risk.
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