International Research journal of Management Science and Technology

  ISSN 2250 - 1959 (online) ISSN 2348 - 9367 (Print) New DOI : 10.32804/IRJMST

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RISK MANAGEMENT APPROACH FOR FINANCIAL RESTRUCTURING IN INTEGRATION WITH ISO 31000

    2 Author(s):  MS RACHNA YADAV , SHAHID ALI

Vol -  4, Issue- 2 ,         Page(s) : 521 - 528  (2013 ) DOI : https://doi.org/10.32804/IRJMST

Abstract

With the growth of trade and financial collaborations between nations, there were increased chances of risk among many facets of firms. There was need felt by experts to make some international recognized procedures who can holistically deal with risk and risk management process. Here we mainly elaborate Australian / Newzealand standard ISO 31000: 2007 – principles and guidelines (AS / NZS, ISO 31000). It is expected that application of ISO 31000 will lead to agencies improving their risk management capability, resulting in risk being more effectively and efficiently managed in all types of institutions and firms and in their different walks of life eg. Operation, financial, strategic etc.

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