A conversation with Michael Gallagher, managing director of CBIZ Risk & Advisory Services
Interview By Joseph McCafferty
November 4, 2016
Not all organizations are good at managing risk in a holistic way. It's easy for business units or functions that address risks to be guarded about their risk-management efforts or to reproduce what other parts of the company are already doing. These risk silos can cause problems for companies, not only because they duplicate risk-management efforts, but because key strategic risks can go unaddressed or siloed thinking may be preventing the company from meeting its goals.
We recently caught up with Michael Gallagher, managing director at CBIZ Risk & Advisory Services, to talk about how these risk silos can crop up at companies, the dangers they present, and how organizations can dismantle them and manage risk in a more holistic way.