How effective would risk management be if you simply identified the risks and then walked away from them? Although some would argue that the simple act of identification improves the ability to watch for risks, it does not take full advantage of the positive impact that a set of well-planned responses may have on a project or organization.

Question

What is the general governance structure, and attitudes of leaders toward risk within a Debt Collection Company?

What should be a Debt Collection Company's use and practice of identifying and responding to risks effectively?

How could one help improve the risk procedures that should be employed within a Debt Collection Company? How would these suggestions impact the organization itself?