The Importance of Non-Financial Risks to the Bottom Line

Authored by Gareth Llewellyn, Board Mentor, Criticaleye

The management of non-financial risks facing a business is essential not as part of a corporate governance box-ticking exercise but as part of maintaining a healthy or improved balance sheet says, Gareth Llewellyn. National Grid, as an international energy supplier, has been aware for some time of the importance of non-financial risks to its financial strategy. The author outlines some of the ways the company has managed such risks, to its benefit and to that of its shareholders.

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