A taste of corporate risk
The term corporate risk covers a wide range of challenges – both financial and non-financial. Risk profiles three differing institutions, each with their own particular focus on corporate risk, from managing a debt reduction programme to dealing with regulatory risk
Alongside a post-Enron retreat from trading, many energy companies scaled back their risk management operations. American Electric Power, however, realised early on that operational risk management would come to the fore. By Navroz Patel
Scott Smith, chief risk officer at Ohio-based energy company American Electric Power (AEP), is one the longest serving chief risk officers
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