Consider an Debt Recovery and Collection Agency company, and think about how the culture and structure of that organization affects its approach to risk management. With these thoughts in mind:

Briefly describe the organizational structure (governance). This should include elements of culture, internal and external stakeholders, and the impact of the role of certain stakeholders on the organization’s risk management approach.

Describe the organization’s approach to risk management.

Describe the advantages and disadvantages of its approach.

Make one or more recommendations on how you would improve its approach.