My view of the role of the risk profession differs to those who designed and promote the Three Lines of Defence (3LOD) model (at least how it has been interpreted by some). As with my musings on whether there should be separate risk and audit committees for Boards, (see Blog, 22/11/09 “Should Audit and Risk Committees be Separate?” and Risk e-Views - Risk Leadership: Should a Board have a Risk Committee? 22/09/12) I feel risk professionals in organisations need to be advisors and confidants o
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