the emerging frontiers of risk management: today’s norms and expectations

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  • 8/6/2019 The Emerging Frontiers of Risk Management: TODAYS NORMS AND EXPECTATIONS

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    FJET GBG V~kfeil Zk~ozp

    PBK KGKZHEMH AZOMPEKZV OA ZEVC GIMIHKGKMP

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    Pbk Kgkzhemh Azompekzv o Zevc Gimihkgkmp

    PO@IUV MOZGV IM@ KR^KFPIPEOMV

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    PBK KGKZHEMH AZOMPEKZV OA ZEVC GIMIHKGKMP

    Pkm ukizv iho, j{vemkvvkv im` emqkvpozv kmpkzk` i `kfi`k o

    xzkmfbemh fbimhk- Kmpkz~zevk zevc gimihkgkmp "KZG% xiv i

    zklipeqklu {m`kqklo~k` kl` pbkm, im` kx j{vemkvvkv bi` pbk

    ~olefekv im` ~zifpefkv mkk`k` po ~zopkfp pbkez vpickbol`kzv

    zog pbk kkfpv o pbk vkqkzk mimfeil im` kfomogef fzevkv

    o :>>2 im` :>>5- Vemfk pbkm, pbk oqkzill vpipk o zki`emkvv

    biv eg~zoqk`- J{p mkx fbillkmhkv fompem{k po kgkzhk kqkzu

    `iu, im` v{z~zevkv izk vpell ~ovvejlk- Box xkll ~zk~izk` ev uo{z

    fog~imu oz pbk zevcv, kr~kfpipeomv, im` vpzkvvkv om empkzmil

    fompzolv pbip lek ibki`? Pbev zk~ozp xell bkl~ uo{ {m`kzvpim`

    box uo{z fog~imu fog~izkv xepb opbkzv im` xbip vpk~v uo{

    fim pick mox po eg~zoqk pbk xiu uo{ gimihk zevcv-

    I @kfi`k o Go{mpemh Kr~kfpipeomv

    Pbk mozgv im` kr~kfpipeomv oz zevc gimihkgkmp biqk kqolqk`

    oqkz pbk ~ivp `kfi`k iv i zkv{lp o fbimhemh kfomogef im`

    j{vemkvv fom`epeomv pbip xkzk xkll'~{jlefetk` ju pbk gk`ei-

    Vogk o pbk gk`ei zk~ozpv {klk` i vkmvk o ~{jlef o{pzihk oqkz

    vehmefimp lovvkv `{k po {mkr~kfpk` zevcv- Xepb kifb xiqk o

    o{pzihk figk gozk fillv oz mo v{z~zevkv olloxk` ju zo{m`v

    o h{e`imfk, zkh{lipozu zkozgv, im` kmozfkgkmp ifpeomv- Pbk

    zkozgv im` h{e`imfk ~kick` poxiz` pbk km` o pbk `kfi`k,

    bkl~emh fog~imekv po m` jkppkz xiuv po gkkp pbk go{mpemh

    kr~kfpipeomv o emqkvpozv, f{vpogkzv, fzk`ep zipemh ihkmfekv,

    zkh{lipozv, im` opbkzv ill o xbog izk `kgim`emh behbkz

    vpim`iz`v o hoqkzmimfk, zevc gimihkgkmp im` fog~leimfk-

    Gelkvpomkv om pbk Zoi` po Jkppkz Zevc Gimihkgkmp

    :>9::>9>:>>2:>>1:>>0:>>::>>>9552

    Kqkmpv im`

    Pzkm`v

    Zkozgv im`

    H{e`imfk

    VOR

    FOVO KZG

    VKF Z{lk'Hoqkzmimfk ! Zevc

    Fzk`ep zipemhv of{v om KZG

    @o``'Azimc Ifp

    FOVO Vgillkz^{jlef Fog~imekv Gozk FOVO Vp{`ekv

    9

    :

    6

    0

    Azi{`, joiz`oqkzvehbp, CZEv

    2

    8

    1

    ;

    Aiel{zkv o mimfeil emvpep{peomv im` i

    mkiz gklp'`oxm o mimfeil vuvpkgv

    lk` po fzepefevgv o jimcv jom{v ~limv

    oz kmfo{zihemh {m`{k zevc'picemh-

    Fzk`ep pehbpkmemh lk` po

    kfomogef zkfkvveom im`givveqk vpofc gizckp lovvkv-

    Aemimfeil zk~ozpemh im` j{vemkvv

    vfim`ilv zkv{lpk` em pbk

    foz~ozipk gklp`oxmv o Kmzom

    im` opbkz fog~imekv-

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    PBK KGKZHEMH AZOMPEKZV OA ZEVC GIMIHKGKMP

    Gelkvpomkv om pbk Zoi` po Jkppkz Zevc Gimihkgkmp "fompem{k`%

    Cku po zkozgv im` h{e`imfk

    9 Fomhzkvv kmifpk` pbk Vizjimkv'Orlku Ifp o :>>: "VOR%,

    empzo`{femh mkx Empkzmil fompzol zk~ozpemh zky{ezkgkmpv-

    9

    : FOVO ~{jlevbk` Kmpkz~zevk Zevc Gimihkgkmp'Empkhzipk`

    Azigkxozc' im kr~imveom o pbk FOVO Empkzmil Fompzol'

    Empkhzipk` Azigkxozc ~{jlevbk` em pbk 955>v-

    6 FOVO ~{jlevbk` Empkzmil Fompzol oqkz Aemimfeil

    Zk~ozpemh ' H{e`imfk oz Vgillkz ^{jlef Fog~imekv-

    0 Gidoz fzk`ep zipemh ihkmfekv Vpim`iz` ! ^oozv im`

    Goo`uv empkmvek` pbkez zkqekxv o zevc gimihkgkmp

    ~zohzigv kg~louk` ju jopb mimfeil im` mommimfeil

    fog~imekv- V!^ ~{jlevbk` ~zohzkvv zk~ozpv om

    empkhzipemh KZG Imiluvev empo zipemhv-

    ; Mkx VKF z{lkv pooc kkfp oz pbk :>9> ~zoru vkivom,

    zkv{lpemh em zky{ezk` `evflov{zkv ijo{p pbk zolk o pbk

    joiz` o `ezkfpozv em zevc oqkzvehbp, iv xkll iv imu

    fog~kmvipeom ~olefekv im` ~zifpefkv pbip ~zkvkmp

    gipkzeil zevcv po pbk fog~imu-

    1 FOVO ~{jlevbk` pbk zkv{lpv o i vp{`u om Azi{`{lkmp

    Aemimfeil Zk~ozpemh4 9552':>>8-

    8 Fomhzkvv kmifpk` pbk @o``'Azimc Xill Vpzkkp Zkozg

    im` Fomv{gkz ^zopkfpeom Ifp- Igomh opbkz pbemhv, pbev

    Ifp krkg~pv vgillkz ~{jlef fog~imekv zog pbk VOR

    zky{ezkgkmpv oz i{`epoz ippkvpipeom o empkzmil fompzol

    zk~ozpemh-

    2 FOVO zklkivk` i``epeomil zk~ozpv, emfl{`emh4

    m :>9> Zk~ozp om KZG4 F{zzkmp Vpipk o Kmpkz~zevk Zevc

    Oqkzvehbp im` Gizckp ^kzfk~peomv o FOVOv KZG

    Azigkxozc-

    m Joiz` Zevc Oqkzvehbp4 I ^zohzkvv Zk~ozp-

    m @kqklo~emh Cku Zevc Em`efipozv po Vpzkmhpbkm KZG-

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    PBK KGKZHEMH AZOMPEKZV OA ZEVC GIMIHKGKMP

    Kqolqemh Uiz`vpefcv O V{ffkvv

    Ilpbo{hb pbkzk izk vkqkzil zevc gimihkgkmp zigkxozcv

    iqielijlk po`iu, pbk FOVO h{e`imfk biv jkfogk cku po

    gkiv{zemh v{ffkvv- FOVO vpim`v oz pbk Foggeppkk o

    V~omvozemh Ozhimetipeomv o pbk Pzki`xiu Foggevveom- Pbev

    Foggeppkk ev i qol{mpizu ~zeqipk'vkfpoz ozhimetipeom foggeppk`

    po ~{jlevbemh vp{`ekv im` pbo{hbp ~i~kzv pbip kr~im` pbk

    jo`ekv o cmoxlk`hk em pbk izkiv o empkzmil fompzol, kmpkz~zevk

    zevc gimihkgkmp im` zi{` `kpkzzkmfk- FOVOv h{e`imfk

    om zevc gimihkgkmp biv bkl~k` po lehbp pbk xiu ozxiz`, j{p

    ~zohzkvv biv jkkm {mkqkm im` `ef{lp po gkiv{zk em ~izp

    jkfi{vk o pbk mkk` oz d{`hgkmp em ivvkvvemh pbk krpkmp poxbefb im kmpepu ev gkkpemh pbk g{lpe'`egkmveomil ~izigkpkzv

    mkfkvvizu oz i ozgil KZG ~zohzig iv `kmk` ju FOVO-

    @kamepeom o KZG

    I ~zofkvv, kkfpk` ju im kmpepuv joiz` o `ezkfpozv,

    gimihkgkmp, im` opbkz ~kzvommkl, i~~lek` em vpzipkhu vkppemh

    im` ifzovv pbk kmpkz~zevk, `kvehmk` po e`kmpeu ~opkmpeil kqkmpv

    pbip giu ikfp pbk kmpepu, im` gimihk zevc po jk xepbem epv

    zevc i~~kpepk, po ~zoqe`k zkivomijlk ivv{zimfk zkhiz`emh pbk

    ifbekqkgkmp o kmpepu ojdkfpeqkv-

    FOVO, KmpKz~zeVK zeVc GimihKGKmp AziGKxOzc, :>>0

    Jkfi{vk fomve`kzijlk d{`hgkmp ev zky{ezk` po hi{hk pbk lkqkl

    o ~zohzkvv om vogk o pbk ~izigkpkzv, "k-h-, gimihemh zevcv

    xepbem zevc i~~kpepkv im` ~zoqe`emh zkivomijlk ivv{zimfk o

    ojdkfpeqkv ifzovv im kmpkz~zevk%, pbkzk ev mo fomqkmekmp xiu

    po zipk i fog~imuv oqkzill zevc gimihkgkmp ~kzozgimfk

    ihiemvp opbkzv o epv vetk oz em epv em`{vpzu- J{p vogk

    y{ilepipeqk `ipi ev iqielijlk ijo{p v~kfef jkmfbgizcv om

    pbk do{zmku po KZG- Fog~izevomv xepb pbkvk jkmfbgizcv

    fim jk bkl~{l em fogg{mefipemh xepb joiz`v im` emqkvpozv

    xbo ximp po cmox xbkzk i fog~imu vpim`v im` box xkll ep

    ev gkkpemh pbk kr~kfpipeomv o emqkvpozv, f{vpogkzv, fzk`ep

    zipemh ihkmfekv, zkh{lipozv, im` opbkzv-

    Y{kvpeomv po Ivc po @kpkzgemk Xbkzk Uo{ Vpim`

    Xepbem pbk fompkrp o pbk FOVO `kmepeom fepk` ijoqk, pbk

    olloxemh y{kvpeomv ell{vpzipk pbk cem`v o jkmfbgizcv pbip

    giu jk bkl~{l em `kpkzgememh xbkzk i fog~imu vpim`v

    zklipeqk po oqkzill mozgv im` kr~kfpipeomv4

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    PBK KGKZHEMH AZOMPEKZV OA ZEVC GIMIHKGKMP

    9- @okv pbk fog~imu giempiem i zevc zkhevpkz oz bkip

    gi~ pbip flivvekv po~ zevcv ju leckleboo` im` eg~ifp,

    ilomh xepb i gepehipeom vpzipkhu oz kifb?

    :- @okv pbk fog~imu ivvehm v~kfef oxmkzvbe~ oz cku zevcv?

    6- @okv pbk fog~imu `kqklo~ ilpkzmipeqk gepehipeom

    vpzipkhekv?

    0- @okv pbk fog~imu fogg{mefipk zevc polkzimfkv ifzovv

    pbk ozhimetipeom?

    ;- @okv pbk fog~imu flkizlu fogg{mefipk zevc i~~kpepk po

    empkzmil im` krpkzmil vpickbol`kzv {vemh i vpim`iz` im`

    fomvevpkmp KZG limh{ihk?

    1- @okv pbk fog~imu biqk i {llu kmhihk` im` zevc'ivp{pk

    joiz` o `ezkfpozv oqkzvkkemh zevc?

    Imvxkzv4 I ukv imvxkz po y{kvpeom 9 ev pbk mozg, "e-k-,

    govp foggom i~~zoifb igomh fog~imekv pbip biqk i

    ozgil KZG ~zohzig iffoz`emh po i :>9> zk~ozp ju V!^v-%

    E uo{ fim imvxkz ukv po y{kvpeomv : pbzo{hb 0, pbkm

    iffoz`emh po V!^v zk~ozp, uo{z fog~imu ev omk o i zklipeqklu

    vgill gemozepu o behb ifbekqkzv- I ukv imvxkz po y{kvpeomv

    ; im` 1 gkimv uo{z fog~imu illv xepbem im kqkm gozk

    klepk gemozepu, `kv~epk pbk ifp pbip vpickbol`kzv ximp im`

    kr~kfp gozk emozgipeom mox ijo{p zevc gimihkgkmp- I

    gidoz ojvpiflk po ~zoqe`emh pbev emozgipeom vkkgv po jk pbk

    lifc o i {meozg limh{ihk oz zevc pbip ev {m`kzvpim`ijlk jukqkzuomk emqolqk` lemk gimihkzv, vkmeoz krkf{peqkv, joiz`

    gkgjkzv, vbizkbol`kzv, zkh{lipozv, im` opbkz vpickbol`kzv-

    Aoz Gozk Emozgipeom

    Pbk FOVO h{e`imfk gkmpeomk` em pbev zk~ozp ev iqielijlk

    oz ~{zfbivk oz `oxmloi` ip bpp~4//xxx-fovo-ozh- Pbkvk

    gipkzeilv emfl{`k4

    mFOVO, Kmpkz~zevk Zevc Gimihkgkmp Empkhzipk`

    Azigkxozc, :>>0-

    mFOVO, Empkzmil Fompzol oqkz Aemimfeil Zk~ozpemh

    H{e`imfk oz Vgillkz ^{jlef Fog~imekv, :>>1-

    mFOVO, Azi{`{lkmp Aemimfeil Zk~ozpemh4 9552':>>8

    Im Imiluvev o [-V- ^{jlef Fog~imekv, :>9>-

    mFOVO, Kkfpeqk Kmpkz~zevk Zevc Oqkzvehbp4 Pbk Zolk o

    pbk Joiz` o @ezkfpozv, :>>5-

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    PBK KGKZHEMH AZOMPEKZV OA ZEVC GIMIHKGKMP

    mFOVO, Kgjzifemh Kmpkz~zevk Zevc Gimihkgkmp4 ^zifpefil

    I~~zoifbkv oz Hkppemh Vpizpk`, :>99-

    mFOVO, @kqklo~emh Cku Zevc Em`efipozv po Vpzkmhpbkm

    Kmpkz~zevk Zevc Gimihkgkmp, :>9>-

    mFOVOv :>9> Zk~ozp om KZG4 F{zzkmp Vpipk o

    Kmpkz~zevk Zevc Oqkzvehbp im` Gizckp ^kzfk~peomv o

    FOVOv KZG Azigkxozc, :>9>-

    Opbkz gipkzeilv gkmpeomk` em pbev zk~ozp izk iqielijlk oz

    `oxmloi` zog pbk olloxemh vo{zfkv4

    mVpim`iz` ! ^oozv, Fzk`ep AIY4 Vpim`iz` ! ^oozv Loocv

    A{zpbkz empo Box Mommimfeil Fog~imekv Gimihk Zevc,D{mk :0, :>9>- "bpp~4//xxx-vpim`iz`im`~oozv-fog/

    zipemhv/kzg/km/{v%

    m[V Vkf{zepekv im` Krfbimhk Foggevveom, Aemil Z{lk

    om ^zoru @evflov{zk Kmbimfkgkmpv, @kfkgjkz :>>5-

    "bpp~4//xxx-vkf-hoq/z{lkv/mil/:>>5/66'5>25-~`%

    mVizjimkv'Orlku Ifp o :>>:- "bpp~4//a9-m`lix-

    fog/mkxv-m`lix-fog/fmm/`ofv/hxj{vb/

    vizjimkvorlku>8:6>:-~`%

    m@o``'Azimc Xill Vpzkkp Zkozg im` Fomv{gkz ^zopkfpeom

    Ifp o :>9>- "bpp~4//zxkjhipk-iffkvv-h~o-hoq/fhe'jem/

    hkp`of-fhe?`jmigk7999_fomh_jellv!`ofe`74b0986kmz-

    prp-~`%

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    Pbk Kgkzhemh Azompekzv o Zevc Gimihkgkmp

    AZI[@ IM@ ZKLIPK@ ZEVCV

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    PBK KGKZHEMH AZOMPEKZV OA ZEVC GIMIHKGKMP

    Pbk zevc kmqezomgkmp ev fomvpimplu fbimhemh, fbillkmhemh

    fog~imekv po gomepoz pbk fbimhkv im` of{v pbkez kozpv om pbk

    govp ~zkvvemh evv{kv ip imu ~oemp em pegk- Em zkfkmp ukizv, zi{`

    biv jkkm im izki o hzoxemh fomfkzm oz fog~imekv o ill vetkv-

    I :>9> zk~ozp ju pbk Emvpep{pk o Empkzmil I{`epozv "EEI% em`efipkv

    pbip zi{`v biqk jkkm gozk ~zkqilkmp vemfk pbk omvkp o pbk

    kfomogef zkfkvveom em :>>2, kv~kfeillu kg~loukk'zklipk` zi{`v

    v{fb iv pbkp o fog~imu ~zo~kzpu im` zkvo{zfkv, kgjkttlkgkmp

    im` kr~kmvk iffo{mp zi{`- Pbk EEIv zk~ozp kr~liemv pbip pbkvk

    pu~kv o zi{`v biqk emfzkivk` iv pbk kfomogef zkfkvveom im`

    iffog~imuemh {mkg~lougkmp lkqklv biqk ikfpk` fo{mplkvv

    kg~loukkv om i ~kzvomil lkqkl, opkm emqolqemh pbk lovv o emfogk

    zog omk oz gozk bo{vkbol` gkgjkzv-

    Gicemh Azi{` i Behbkz ^zeozepu

    Pbk zevemh lkqkl o zi{` biv ~zog~pk` gimu fog~imekv po

    `kqklo~ im` eg~lkgkmp ~zoifpeqk impe'zi{` ~zohzigv `kvehmk`

    po `kpkfp im` ~zkqkmp ill cem`v o zi{`, emfl{`emh kg~loukk'

    zklipk` zi{`v- Em omk xkll'~{jlefetk` zi{` fivk, i zk~ozp em

    Fog~leimfk Xkkc kvpegipk` pbip pbk igo{mp gevi~~zo~zeipk`

    oqkz i qk'ukiz ~kzeo` mkizlu ky{ilk` pbk fog~imuv gizckp

    fi~epiletipeom- Zk~ozpv leck pbev omk izk fi{vemh opbkz

    fog~imekv po ivc, Fo{l` ep bi~~km bkzk?

    Fo{l` zi{` jk off{zzemh ip uo{z fog~imu?

    Zkfkmplu ep xiv zkqkilk` pbip oqkz $6> gelleom xiv vpolkm zog

    Gelxi{ckk'jivk` Covv Foz~ozipeom "pbk Fog~imu%, illkhk`lu ju

    vkmeoz gkgjkzv o pbk iffo{mpemh pkig- Iffoz`emh po pbk AJEv

    em`efpgkmp, pbev zi{` xiv ~kz~kpzipk` ju pbk i{pbozetipeom

    o m{gkzo{v xezk pzimvkzv o {m`v zog jimc iffo{mpv

    giempiemk` ju Covv po vkpplk ~kzvomil Igkzefim Kr~zkvv fzk`ep

    fiz` jellv- Em i``epeom, pbk ~kz~kpzipozv {vk` gomku zog Covvv

    jimc iffo{mpv po {m` opbkz ~kzvomil kr~kmvkv-

    Pbk zi{`{lkmp pzimvifpeomv xkzk fomfkilk` zog pbk Fog~imu

    ju ~zk~izemh ilvk iffo{mpemh joocv im` zkfoz`v- Pbev emfl{`k`

    ilvk do{zmil kmpzekv po `evh{evk pbk gevi~~zo~zeipeom o {m`v-

    Pbk ~kz~kpzipozv ippkg~pk` po be`k pbk kgjkttlkgkmp em pbk

    Fog~imuv amimfeil vpipkgkmpv ju oqkzvpipemh ivvkpv, kr~kmvkv,

    im` fovp o vilkv, im` ju {m`kzvpipemh leijelepekv im` vilkv-

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    PBK KGKZHEMH AZOMPEKZV OA ZEVC GIMIHKGKMP

    mFog~imekv giu ilvo ifk gozk zevcv o zi{`v zklipk`

    po qkm`ozv oz opbkz pbez` ~izpekv- Krig~lkv emfl{`k

    oqkz~iugkmpv po fompzifpozv im` ~iugkmpv oz vkzqefkv

    mop zkm`kzk`-

    mFozz{~peom'pu~k zevcv zklipk` po fog~leimfk xepb lixv

    giu ilvo emfzkivk- Krig~lkv emfl{`k jzejkzu o ozkehm

    ofeilv, ellkhil ve`k ihzkkgkmpv, im` ifelepipeom ~iugkmpv

    zklipk` po eg~ozpv-

    mMkx ozgv o `ipi im` emozgipeom zevcv izk ilvo

    kgkzhemh- Krig~lkv emfl{`k `evflov{zk o foz~ozipk `ipi

    po fog~kpepozv, {vk o emozgipeom pkfbmolohu po foqkz {~

    zi{`, im` zevcv ivvofeipk` xepb mkx mimfeil vuvpkgv-

    Gkiv{zkv o Kkfpeqkmkvv im` Ivv{zimfk

    Fog~imekv mkk` zkleijlk gkiv{zkv o ~zohzkvv po gimihk

    pbk {ll v~kfpz{g o zi{`v im` zklipk` zevcv- FOVOv

    jzoi`kvp uiz`vpefc o v{ffkvv ev bkl~{l jkfi{vk ep `kmkv

    kkfpeqkmkvv jzoi`lu em pkzgv o gimihemh zevcv zklipk` po

    ill o{z cku fipkhozekv o ojdkfpeqkv4 vpzipkhef, o~kzipeomil,

    zk~ozpemh, im` fog~leimfk-

    Kkfpeqkmkvv

    Xbkm kmpkz~zevk zevc gimihkgkmp ev `kpkzgemk` po jk kkfpeqk

    em kifb o pbk o{z fipkhozekv o ojdkfpeqkv, zkv~kfpeqklu,pbk joiz` o `ezkfpozv im` gimihkgkmp biqk zkivomijlk

    ivv{zimfk pbip pbku {m`kzvpim` pbk krpkmp po xbefb pbk kmpepuv

    vpzipkhef im` o~kzipeomv ojdkfpeqkv izk jkemh ifbekqk`, im`

    pbip pbk kmpepuv zk~ozpemh ev zkleijlk im` i~~lefijlk lixv im`

    zkh{lipeomv izk jkemh fog~lek` xepb-

    FOVO, KmpKz~zeVK zeVc GimihKGKmp AziGKxOzc, :>>0

    Pbev `kmepeom o kkfpeqkmkvv zky{ezkv i lkqkl o ivv{zimfk

    pbip hokv jkuom` pbip ~zoqe`k` ju krpkzmil i{`epv- Krpkzmil

    i{`epv of{v om kr~ov{zkv pbip fim zkv{lp em i gipkzeil

    gevvpipkgkmp o mimfeil vpipkgkmpv oz i gipkzeil lovv po pbk

    ozhimetipeom- Pbku izk mop `kvehmk` po ivvkvv xbkpbkz pbk

    kr~ov{zkv izk fomvevpkmp xepb i fog~imuv zevc i~~kpepk im`

    ifbekqkgkmp o epv hoilv, j{p pbkzk ev vogk vumkzhu jkpxkkm

    mimfeil vpipkgkmp i{`epv im` zevc gimihkgkmp jkfi{vk

    gimu zi{` zevcv fim jk i``zkvvk` xepb im i~~zo~zeipk

    vuvpkg o empkzmil fompzol- Pbk Vizjimkv'Orlku Ifp o :>>:

    "VOR% ~iqk` pbk xiu oz vehmefimp ~zohzkvv em pbip zkhiz` ju

    zky{ezemh gimihkgkmp zk~ozpemh im` i{`epoz ippkvpipeom om

    empkzmil fompzolv oqkz mimfeil zk~ozpemh oz ~{jlef fog~imekv-

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    PBK KGKZHEMH AZOMPEKZV OA ZEVC GIMIHKGKMP

    Boxkqkz, pbk @o``'Azimc Ifp o :>9> krkg~pk` vgillkz ~{jlef

    fog~imekv "mom'iffklkzipk` lkzv% zog pbk i{`epoz ippkvpipeom

    zky{ezkgkmpv-

    Hzoxemh Fbillkmhkv oz Vgillkz Fog~imekv

    Pbk VOR krkg~peom oz vgillkz ~{jlef fog~imekv ev jopb i

    jlkvvemh im` f{zvk- Om pbk omk bim`, vgillkz fog~imekv izk

    lkvv ijlk po oop pbk jell oz fovplu i{`epoz ippkvpipeomv3 om pbk

    opbkz bim`, vp{`ekv vbox pbku izk gozk q{lmkzijlk po zi{`-

    Pbev fzkipkv im {mlkqkl ~liuemh kl` oz emqkvpozv-

    Im [mkqkm ^liuemh Aekl`Vgill ozhimetipeomv izk `ev~zo~ozpeomipklu qefpegetk` ju

    off{~ipeomil zi{`- Pbkvk ozhimetipeomv izk pu~efillu lifcemh

    em impe'zi{` fompzolv fog~izk` po pbkez lizhkz fo{mpkz~izpv

    xbefb gickv pbkg ~izpef{lizlu q{lmkzijlk po zi{`-

    iFAK, :>9> zK~OzppOpbK mipeOmVOm

    OFF{~ipeOmil Azi{`im` ij{VK

    Ilpbo{hb pbk VKF ev vpell vp{`uemh pbk fovpv im` jkmkpv o pbk

    VOR zky{ezkgkmpv oz vgillkz ~{jlef fog~imekv, pbk vpip{v

    y{o ev ~izpef{lizlu pzo{jlkvogk xbkm ep fogkv po zi{`- I

    :>>2 zk~ozp ju pbk Emvpep{pk o Empkzmil I{`epozv im` opbkzv

    em`efipkv pbip gozk fog~imekv izk zkv~om`emh po kr~kfpipeomvju kr~zkvvemh pbkez zevc i~~kpepk iv i tkzo polkzimfk oz zi{`

    o imu pu~k- Pbev ojdkfpeqk ev mkizlu eg~ovvejlk po ifbekqk

    xepbo{p v{~~lkgkmpil ~zohzigv oz ~zkqkmpemh im` `kpkfpemh

    zi{`, kv~kfeillu em i vgillkz ~{jlef fog~imu, xbkzk kg~loukkv

    pkm` po jk hkmkzilevpv xbo ~kzozg g{lpe~lk doj `{pekv im` ep ev

    gozk `ef{lp po gepehipk zevcv pbzo{hb vkhzkhipeom o `{pekv oz

    fkmpziletipeom o vbizk` vkzqefkv-

    Y{kvpeomv po Ivc Ijo{p Uo{z Impe'Azi{` ^zohzig

    Pbk olloxemh y{kvpeomv giu jk bkl~{l em `kpkzgememh box xkll

    i fog~imu ev gimihemh epv zevc o zi{`4

    9- Biv pbk fog~imu `kqklo~k` i vpipkgkmp o epv polkzimfk oz

    zi{`? Ev ep i~~zoqk` ju pbk joiz` o `ezkfpozv?

    :- @o pbk fog~imuv zevc ivvkvvgkmpv pick empo iffo{mp

    cmoxm zi{`v pbip biqk bi~~kmk` em fog~imekv o pbk

    vigk vetk im` em pbk vigk em`{vpzu?

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    PBK KGKZHEMH AZOMPEKZV OA ZEVC GIMIHKGKMP

    6- @okv pbk fog~imu biqk i vpzomh im` em`k~km`kmp empkzmil

    i{`ep `k~izpgkmp? Ev pbk empkzmil i{`ep {mfpeom zkv~omvejlk

    oz `kpkfpemh im` ~zkqkmpemh zi{`?

    0- @okv pbk fog~imu biqk kkfpeqk zi{` boplemkv im`

    xbevpkjloxkz ~zohzigv?

    ;- @okv pbk fog~imu biqk i ~olefu im` gkpbo`olohu po

    emqkvpehipk ~opkmpeil im` ifp{il off{zzkmfkv o zi{`?

    1- @okv pbk fog~imu j{el` em kkfpeqk empkzmil fompzolv, v{fb

    iv vkhzkhipeom o `{pekv, po pbk krpkmp ~zifpefijlk? @okv ep

    pick opbkz gkiv{zkv po gepehipk pbk zevc o zi{`?

    8- @okv pbk fog~imu zky{ezk gim`ipozu qifipeom ~kzeo`v oz

    doj zopipeom ivvehmgkmpv oz kg~loukkv em cku ~ovepeomv em

    iffo{mpemh im` mimfk?2- @okv pbk fog~imu {vk i zehozo{v vuvpkg o `ipi imiluvev

    im` fompem{o{v gomepozemh oz i{`epemh o epkgv v{fb iv xezk

    pzimvkzv im` do{zmil kmpzekv po `kpkfp zi{`{lkmp ifpeqepu?

    E pbk imvxkzv po imu o pbkvk y{kvpeomv izk mo, FJET fim

    ~zoqe`k i`qevozu vkzqefkv po bkl~ fog~imekv o imu vetk em imu

    em`{vpzu po `kqklo~ gozk ~zoifpeqk impe'zi{` fompzolv-

    Aoz Gozk Emozgipeom

    Pbk olloxemh gipkzeilv izk zkkzkmfk` em pbev zk~ozp4

    mFOVO, Kmpkz~zevk Zevc Gimihkgkmp Empkhzipk`

    Azigkxozc, :>>0

    mEmvpep{pk o Empkzmil I{`epozv im` I{`ep Krkf{peqk Fkmpkz,

    Cmoxlk`hk Ilkzp4 Kgkzhemh Pzkm`v em Azi{` Zevcv,

    Dim{izu :>9>

    mGklevvi Clkem Iy{eliz, Vgill Aelkzv Vpz{hhlk xepb Empkzmil

    Fompzolv Oqkz Azi{`, Fog~leimfk Xkkc, Giu :>9>

    mEmvpep{pk o Empkzmil I{`epozv "EEI%, Igkzefim Emvpep{pk

    o F^Iv "IEF^I%, im` Ivvofeipeom o Fkzpek` Azi{`

    Krigemkzv "IFAK%, Gimihemh pbk J{vemkvv Zevc o Azi{`4

    I ^zifpefil H{e`k, :>>2

    mIvvofeipeom o Fkzpek` Azi{` Krigemkzv "IFAK%, :>9>

    Zk~ozp po pbk Mipeomv om Off{~ipeomil Azi{` im` Ij{vk

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  • 8/6/2019 The Emerging Frontiers of Risk Management: TODAYS NORMS AND EXPECTATIONS

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    PBK KGKZHEMH AZOMPEKZV OA ZEVC GIMIHKGKMP

    Govp j{vemkvv oxmkzv im` gimihkzv zkfohmetk pbip i

    fog~imuv zk~{pipeom im` zklipeomvbe~v xepb f{vpogkzv im`

    v{~~lekzv zimc behb om pbk levp o epv govp qil{ijlk ivvkpv- Po

    ~zkvkzqk pbk qil{k o pbkvk ivvkpv, j{vemkvv'viqqu gimihkzv

    cmox pbku g{vp ho jkuom` pzi`epeomil pkfbmey{kv oz gimihemh

    zevcv ivvofeipk` xepb ~buvefil im` mimfeil ivvkpv- Pbk cku

    ev po m` xiuv po ~zopkfp im` kmbimfk foz~ozipk zk~{pipeomv

    im` opbkz empimhejlkv pbip giu mkqkz i~~kiz em i fog~imuv

    mimfeil vpipkgkmpv- Pbev kr~im`k` of{v bkl~v fog~imekv

    giregetk qil{k, im` ep ev jkfogemh emfzkivemhlu fzepefil oz

    giempiememh im` eg~zoqemh fzk`ep zipemhv- J{p ep ev mop kivu-

    Pbk fbillkmhkv emfl{`k i`i~pemh po pbk vpzomhkz lemcihk

    jkpxkkm zevc gimihkgkmp im` fzk`ep zipemhv, e`kmpeuemhvpzipkhef zevcv, im` kqil{ipemh pbk ~opkmpeil fomvky{kmfkv-

    Pbk Lemcihk Jkpxkkm Zevcv im` Zipemhv

    Iv ~izp o pbk zipemh ~zofkvv, Vpim`iz` ! ^oozv, Goo`uv im`

    opbkz zipemh ihkmfekv ippkg~p po e`kmpeu im` ivvkvv kifb

    fog~imuv {m`kzluemh qil{k `zeqkzv, emfl{`emh pbk vpzkmhpb

    o epv gimihkgkmp im` hoqkzmimfk ~zofkvvkv- Pbk fzk`ep

    im` mimfeil fzevkv o pbk lipk':>>>v i``k` eg~kp{v im`

    {zhkmfu po pbkvk kozpv jkfi{vk pbkvk kqkmpv {klk` ~{jlef

    vck~pefevg ijo{p pbk zipemhv ivvehmk` po i m{gjkz o behb

    ~zolk foz~ozipk `ki{lpv pbip xkzk ippzej{pk` po xkic zevc

    gimihkgkmp- Zkifpeomv po pbk fzk`ep fzevev emfl{`k` fzepefevgv

    o jimcv jom{v ~limv oz kmfo{zihemh {m`{k zevc'picemh- Voom,

    pbk fomfkzmv v~zki` po kmfog~ivv pbk zevc gimihkgkmp

    pkfbmey{kv o fog~imekv em opbkz em`{vpzekv iv xkll-

    Em :>>2, Vpim`iz` ! ^oozv "V!^% immo{mfk` epv ~limv po xe`km

    pbk vfo~k o epv imiluvev o vogk mommimfeil fog~imekv

    ju i~~luemh kmpkz~zevk zevc imiluvev po epv foz~ozipk zipemhv

    o pbkvk fog~imekv- Iv ~izp o pbev kozp, V!^ emepeipk`

    `evf{vveomv xepb gimihkgkmp om pbk olloxemh po~efv4

    mGimihkgkmpv qekx o pbk govp fomvky{kmpeil zevcv

    ifk` ju pbkez zgv, emfl{`emh pbk leckleboo` o pbk zevcv

    im` pbk ~opkmpeil kkfp om fzk`ep-

    mPbk zky{kmfu xepb xbefb pbk po~ zevcv xkzk {~`ipk` im`

    pbk mip{zk o pbk {~`ipkv-

    mPbk ema{kmfk o zevc vkmvepeqepu om leijelepu gimihkgkmp

    im` mimfemh `kfeveomv-

    mPbk zolk o zevc gimihkgkmp em vpzipkhef `kfeveom'gicemh

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    PBK KGKZHEMH AZOMPEKZV OA ZEVC GIMIHKGKMP

    Ill pbkvk gippkzv zkakfp i `kvezk po cmox gozk ijo{p pbk

    zolk pbip zevc fomve`kzipeomv ~liu xbkm gicemh vpzipkhef

    `kfeveomv- V!^v immo{mfkgkmpv im` izpeflkv om pbk v{jdkfp

    em`efipk pbip pbk zipemh ihkmfu qekxv zevc gimihkgkmp

    iv i cku fog~omkmp o i fog~imuv f{lp{zk- Jzoi`lu

    `kmk`, f{lp{zk emfl{`kv gippkzv v{fb iv fogg{mefipeomv,

    vpz{fp{zkv, emfkmpeqkv, im` zevc i~~kpepk- Pbk ihkmfu emy{ezkv

    ijo{p pbkvk gippkzv po ojpiem i jkppkz ivvkvvgkmp o

    gimihkgkmpv ijelepu po e`kmpeu, gomepoz im` gimihk cku

    zevcv pbip izk km`kgef po pbk fog~imuv em`{vpzu im` pbip

    gimihkzv klkfp po pick xbkm z{mmemh pbkez j{vemkvvkv-

    Po i`i~p po pbk vpzomhkz lemcihk jkpxkkm zevcv im` zipemhvim` po `kgomvpzipk pbk vo{m`mkvv o pbkez foz~ozipk

    f{lp{zkv, fog~imekv mkk` po kvpijlevb zoj{vp zevc

    gimihkgkmp ~zofkvvkv pbip fim kkfpeqklu e`kmpeu, kqil{ipk,

    im` fogg{mefipk pbkez govp fomvky{kmpeil vpzipkhef zevcv-

    E`kmpeuemh Vpzipkhef Zevcv

    Pbk ~zofkvv o e`kmpeuemh pbk govp fomvky{kmpeil vpzipkhef

    zevcv ev embkzkmplu `ef{lp, im` po`iuv qolipelk j{vemkvv

    kmqezomgkmp i``v po pbk fog~lkrepekv emqolqk`- Po jkhem

    pbk ~zofkvv, gimihkgkmp opkm vpizpv xepb i zevc emqkmpozu

    oz zevc zkhevpkz, olloxk` ju im imiluvev o "i% pbk zklipeqkleckleboo` kifb zevc xell gipkzeiletk im` "j% pbk gihmep{`k

    o pbk ~opkmpeil eg~ifp, e pbk zevc `okv gipkzeiletk, kepbkz

    em`eqe`{illu oz pohkpbkz xepb opbkz zevcv-

    Pu~efillu, i fog~imuv zevc ifpozv emfl{`k jopb krpkzmil im`

    empkzmil ifpozv-

    mKrpkzmil ifpozv emfl{`k fbimhkv em pbk em`{vpzu,

    kfomogu, fog~kpepozv, f{vpogkzv, im` lkhil oz zkh{lipozu

    kmqezomgkmp, emfl{`emh flegipef zevcv im` zevcv o

    pkzzozevg oz feqel {mzkvp-

    mEmpkzmil ifpozv emfl{`k zevcv ivvofeipk` xepb pbk

    hoqkzmimfk ~zofkvv {vk` po oqkzvkk zevcv, pbk lomh'

    zimhk ~limmemh ~zofkvv, oz pbk jom{v ~limv im` opbkz

    emfkmpeqkv {vk` po zkxiz` zevc'picemh-

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    PBK KGKZHEMH AZOMPEKZV OA ZEVC GIMIHKGKMP

    Kqil{ipemh pbk Fomvky{kmfkv o Vpzipkhef Zevcv

    Pbk kqil{ipeom im` hoqkzmimfk o vpzipkhef zevcv pu~efillu

    emqolqkv i fog~izevom xepb pbk fog~imuv zevc i~~kpepk- Em

    ~{jleflu'oxmk` fog~imekv, pbk joiz` o `ezkfpozv hkmkzillu

    biv vogk zkv~omvejelepu oz bkl~emh kmv{zk pbip i fog~imuv

    f{lp{zk ev ilehmk` xepb epv vpzipkhef ~lim im` pbk zevcv

    pickm `o mop krfkk` pbk fog~imuv zevc i~~kpepk- Em ~zeqipk

    fog~imekv im` mop'oz'~zop ozhimetipeomv, pbk zkv~omvejelepu

    pu~efillu zkve`kv xepb pbk gimihkzv oz j{vemkvv oxmkzv-

    Pbkvk em`eqe`{ilv mkk` i~~zo~zeipk emozgipeom ijo{p

    pbk ~opkmpeil vkqkzepu o pbk fomvky{kmfkv o zevcv- Pbev

    emozgipeom fim jk ilehmk` xepb pbzkk pbzkvbol`v, fog~zevemhzevcv pbip gehbp zkv{lp em zk`{fk` fzk`ep zipemhv, jzockm `kjp

    foqkmimpv, im` kqkm jimcz{~pfu-

    Pbk zevc pbzkvbol`v fim jk ozhimetk` em i bekzizfbu iv

    ell{vpzipk` jklox-

    Ilpbo{hb pbk ~zkfevk fomvky{kmfkv o kifb zevc giu jk

    `ef{lp po ~zk`efp, gimihkgkmp xell lecklu jk ijlk po gick i

    jkvp'kozpv kvpegipk o pbk zevcv pbip fzovv pbkvk pbzkvbol`v-

    Krig~lkv emfl{`k kqkmpv im` pzkm`v pbip gehbp legep i

    fog~imuv ijelepu po i`i~p po fbimhkv em pbk kfomogu, "v{fb iv

    qolipelepu im` v~eckv em ~zefkv o foggo`epekv%, iv xkll iv pbovk

    pbip ikfp epv ijelepu po {m` im` gimihk {p{zk hzoxpb, "v{fb

    iv zkh{lipozu fbimhkv ikfpemh pbk li{mfbkv o mkx ~zo`{fpv,

    kmpzu empo mkx gizckpv, oz mkhopeipeomv o gkzhkzv im`

    ify{evepeomv%- Em fog~imekv xepb empkzmipeomil f{vpogkzv oz

    v{~~lekzv, vpzipkhef zevcv gehbp ilvo emfl{`k ~opkmpeil

    Zk`{fk` Fzk`ep

    Zipemh

    Jzockm @kjpFoqkmimp

    Jimcz{~pfu

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    PBK KGKZHEMH AZOMPEKZV OA ZEVC GIMIHKGKMP

    `evz{~peomv em v{~~lu fbiemv oz `evpzej{peom fbimmklv `{k po

    fipivpzo~bef kqkmpv, v{fb iv kizpby{ickv oz pv{migev- Em

    vgillkz fog~imekv, pbk zevcv gehbp emfl{`k i lifc o

    v{ffkvveom ~limmemh oz po~ gimihkgkmp-

    Y{kvpeomv po Ivc Ijo{p Uo{z Kmpkz~zevk Zevc

    Gimihkgkmp zohzig

    Kmpkz~zevk zevc gimihkgkmp "KZG% ev im kqolqemh jo`u

    o cmoxlk`hk pbip bkl~v fog~imekv po i``zkvv i jzoi`

    zimhk o zevcv, emfl{`emh vpzipkhef zevcv- Po kmv{zk kkfpeqk

    kmpkz~zevk zevc gimihkgkmp im` po ~zk~izk oz `evf{vveomv

    xepb krpkzmil ~izpekv, v{fb iv zkh{lipozv, fzk`epozv, im` zipemhihkmfekv, fog~imekv giu m` pbk olloxemh vkl'ivvkvvgkmp

    y{kvpeomv bkl~{l4

    9- Ev uo{z fog~imu ~zk~izk` po zkv~om` po emy{ezekv zog

    fzk`ep zipemh ihkmfekv ijo{p epv zevc f{lp{zk, zevc i~~kpepk,

    im` zevc gimihkgkmp ~zofkvvkv?

    :- Biv gimihkgkmp gi`k i vuvpkgipef im` pbozo{hb vkizfb

    oz zevcv pbip gehbp pzehhkz zk`{fpeomv em fzk`ep zipemhv,

    jzockm `kjp foqkmimpv im` kqkm jimcz{~pfu?

    6- @okv uo{z zevc gimihkgkmp ~zohzig fomve`kz zevcv

    zklipk` po kfomogef fom`epeomv "v{fb iv ~zefk goqkgkmpv

    oz fi~epil iqielijelepu% pbip gehbp ikfp pbk fovp o fi~epilim` pbkzkju zkv{lp em emfzkivk` fog~kpepeom?

    0- @okv uo{z zevc gimihkgkmp ~zohzig fomve`kz zevcv

    zklipk` po pbk mip{zil kmqezomgkmp "v{fb iv aoo`v, zk,

    oz kizpby{ickv% pbip gehbp zkv{lp em `igihk po ~limp oz

    j{el`emhv, zkvpzefpk` iffkvv po zix gipkzeilv, oz lovv o

    b{gim fi~epil?

    ;- @okv uo{z zevc gimihkgkmp ~zohzig fomve`kz zevcv

    zklipk` po ~olepefil ifpozv "v{fb iv klkfpeom o hoqkzmgkmp

    ofeilv xepb mkx ~olepefil ihkm`iv oz mkx lixv im`

    zkh{lipeomv% pbip gehbp ikfp iffkvv po ozkehm gizckpv oz

    zkv{lp em behbkz oz loxkz pirkv?

    1- @okv uo{z zevc gimihkgkmp ~zohzig pick empo iffo{mp

    zevcv zklipk` po pbk vofeil kmqezomgkmp "v{fb iv fbimhemh

    `kgohzi~befv, xozc/lek ~zeozepekv, oz pkzzozevg ifpeqepu%

    pbip gehbp zkv{lp em fbimhemh `kgim` oz ~zo`{fpv im`

    vkzqefkv, mkx j{uemh qkm{kv, b{gim zkvo{zfk evv{kv, oz

    ~zo`{fpeom vpo~~ihkv?

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    PBK KGKZHEMH AZOMPEKZV OA ZEVC GIMIHKGKMP

    8- @okv uo{z zevc gimihkgkmp ~zohzig pick empo iffo{mp

    zevcv zklipk` po pkfbmolohefil ifpozv "v{fb iv mkx gkimv

    o klkfpzomef foggkzfk% pbip gehbp zkv{lp em fbimhkv em

    pbk iqielijelepu o `ipi, emzivpz{fp{zk fovpv, oz emfzkivk`

    `kgim` oz pkfbmolohu'jivk` vkzqefkv?

    Aoz Gozk Emozgipeom

    Pbk olloxemh gipkzeilv izk zkkzkmfk` em pbev zk~ozp4

    mVpim`iz` ! ^oozv, Zipemhv @ezkfp, Kmpkz~zevk Zevc

    Gimihkgkmp4 Vpim`iz` ! ^oozv Po I~~lu Kmpkz~zevk Zevc

    Imiluvev po Foz~ozipk Zipemhv mVpim`iz` ! ^oozv, Giu 8, :>>2 im` Fzk`ep AIY4

    Vpim`iz` ! ^oozv Loocv A{zpbkz empo Box Mommimfeil

    Fog~imekv Gimihk Zevc, D{mk :0, :>9>

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    Pbk Kgkzhemh Azompekzv o Zevc Gimihkgkmp

    EMAOZGIPEOM PKFBMOLOHU IM@ HZOXPB

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    PBK KGKZHEMH AZOMPEKZV OA ZEVC GIMIHKGKMP

    Omk o pbk govp `i{mpemh fbillkmhkv em po`iuv j{vemkvv

    kmqezomgkmp ev po ~zopkfp qil{ijlk `ipi zog i bovp o pbzkipv

    emfl{`emh qkm`oz, vkf{zepu, im` ~zeqifu zevcv- Pbev izki o

    kmpkz~zevk zevc gimihkgkmp "KZG% ev kv~kfeillu `ef{lp heqkm

    pbk ~ifk o fbimhk em pkfbmolohu po`iu- Kifb mkx `iu vkkgv

    po jzemh mkx j{vemkvv go`klv im` mkx xiuv oz f{vpogkzv

    po fomv{gk hoo`v im` vkzqefkv- EP ~zokvveomilv g{vp vpiu

    om pbk lki`emh k`hk o fbimhk po ~zopkfp ~zo~zekpizu `ipi im`

    ~zkvkzqk pbk ~zeqifu o pbk fog~imuv f{vpogkz jivk iv i

    o{m`ipeom oz {p{zk hzoxpb- Kkfpeqk oqkzvehbp ju j{vemkvv

    oxmkzv im` joiz`v o `ezkfpozv ev ky{illu eg~ozpimp im` kqkzu

    jep iv fzepefil- J{p jopb pbk mkfkvvizu vcellv im` pbk oqkzvehbp

    biqk hzoxm emfzkivemhlu fog~lefipk` im` pegk'fomv{gemh emzkfkmp ukizv, fzkipemh mkx fbillkmhkv oz jopb EP ~zokvveomilv

    im` joiz`v-

    Mkx Pkfbmolohekv im` Jzoi`kz Eg~ifpv

    Pbk empzo`{fpeom o flo{` fog~{pemh im` xezklkvv `kqefkv

    oz kqkz gozk gojelk xozcozfkv biv emfzkivk` pbk ~opkmpeil

    oz vkmvepeqk emozgipeom po gehzipk zog li~po~v, po im kqkm

    zevcekz jivk o e'~bomkv, i~~lefipeomv, im` vofeil gk`ei

    mkpxozcv- I``epeomillu, ip pbk vigk pegk pbip pkfbmolohu ev

    fbimhemh, i m{gjkz o opbkz ifpozv izk empkmveuemh pbk zevcv

    zklipk` po pbk {vihk o pbk pkfbmolohu, jopb xepbem im` o{pve`k

    pbk fog~imu- Krig~lkv4

    mPbk goqkgkmpv poxiz` vbizk` vkzqefkv, ilomh xepb pbk

    hzoxemh iffk~pimfk o flo{` fog~{pemh im` o{pvo{zfemh

    o EP `k~izpgkmpv biqk empzo`{fk` mkx zevcv- Pbkvk

    ozgv o fkmpziletipeom opkm i`` fovp kfekmfekv ip

    pbk kr~kmvk o pzi`epeomil fompzolv "v{fb iv omvepk

    emv~kfpeomv o vkhzkhipeom o `{pekv ju gimihkgkmp oz

    empkzmil i{`epozv%-

    mGilefeo{v `igihkv biqk kvfilipk` zog igipk{zevb

    bifcemh ~zimcv po pbzkipv o gozk vo~bevpefipk` ozgv

    o fujkzpkzzozevg emqolqemh ~olepefillu'gopeqipk` ifpv o

    `klejkzipk, lizhk'vfilk evz{~peom o fog~{pkz mkpxozcv po

    {zpbkz e`kolohefil ihkm`iv-

    mI vkzekv o {m~zkfk`kmpk` kqkmpv, zimhemh zog

    b{zzefimkv, kizpby{ickv, im` opbkz mip{zil `evivpkzv po

    givveqk oel v~ellv im` pbk j{zvpemh o pbk bo{vemh j{jjlk

    ill {m`kzvfozk pbk eg~ozpimfk o `evivpkz zkfoqkzu

    ~limv im` jifc{~ ifelepekv-

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    PBK KGKZHEMH AZOMPEKZV OA ZEVC GIMIHKGKMP

    mPbk mkk` oz v~kfeiletk` pkfbmefil cmoxlk`hk biv

    fog~lefipk` gimihkgkmpv ijelepu po zkfz{ep, zkpiem im`

    ~zogopk epv emozgipeom pkfbmolohu xozcozfk-

    mPzkm`v v{fb iv vofeil mkpxozcemh im` fbimhemh lixv im`

    zkh{lipeomv hoqkzmemh gippkzv, v{fb iv empkzmkp {vihk

    im` ~zeqifu zehbpv, giu zky{ezk fompzolv pbip izk `ef{lp

    po kmozfk iv pbk zkv~omvejelepu oz emozgipeom vkf{zepu ev

    vbepemh ixiu zog vgill bim`{lv o EP kr~kzpv im` empo

    pbk bim`v o i xe`k hzo{~ o em`eqe`{il {vkzv xbo giu

    mop vbizk pbk vigk ixizkmkvv o pbk mkk` oz vkf{zepu-

    Ill pbkvk pzkm`v, em`eqe`{illu im` fogjemk`, izk i``emh po pbk

    fog~lkrepekv im` fbillkmhkv o EP hoqkzmimfk-Pxo o pbk govp `ef{lp fbillkmhkv emqolqk e`kmpeuemh

    pbk ivvkpv ip zevc im` kvpijlevbemh kkfpeqk ~olefekv im`

    zkv~omvejelepekv oz oqkzvehbp o EP zevcv-

    E`kmpeuemh pbk Ivvkpv ip Zevc

    Po f{p pbzo{hb pbk fog~lkrepekv im` kmv{zk pbip pbkez

    fog~imekv izk of{vemh om pbk zehbp zevcv ip pbk zehbp pegk,

    gimihkzv im` `ezkfpozv izk {vemh KZG pkfbmey{kv pbip

    fkmpkz izo{m` pbk fomfk~p o ivvkpv ip zevc- Pbk {m`kzluemh

    ivvkpv pu~efillu emfl{`k ~zo~zekpizu `ipi im` opbkz biz`'po'

    qil{k empimhejlkv pbip giu mop i~~kiz om foz~ozipk jilimfk

    vbkkpv- Pbk lemcihk ev `kgomvpzipk` em i vkzekv o y{kvpeomv

    pbip xkzk v{ggizetk` em i :>>; zk~ozp ju pbk Emvpep{pk o

    Empkzmil I{`epozv im` emfl{`k pbk olloxemh4

    mZevc e`kmpefipeom

    Xbip izk pbk ivvkpv ip zevc im` pbk qil{k o pbkezfom`kmpeilepu, empkhzepu, im` iqielijelepu?

    Xbip fo{l` bi~~km po ikfp pbip emozgipeom ivvkpqil{k i`qkzvklu?

    E i pbzkip kqkz bi~~kmk`, box ji` fo{l` epveg~ifp jk?

    Box opkm gehbp pbk kqkmp jk kr~kfpk` po off{z? Box fkzpiem izk pbk imvxkzv po pbk zvp o{zy{kvpeomv?

    mZevc gepehipeom

    Xbip fim jk `omk po zk`{fk pbk zevc? Box g{fb xell ep fovp? Ev ep fovp kfekmp?

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    PBK KGKZHEMH AZOMPEKZV OA ZEVC GIMIHKGKMP

    Oqkzvehbp o EP Zevcv

    Jkfi{vk `ekzkmp izkiv o emozgipeom pkfbmolohu fim ~{p pbk

    vigk ivvkpv ip zevc, pbk zkv~omvejelepekv oz oqkzvehbp o EP

    zevcv fim ~zkvkmp ozhimetipeomil fbillkmhkv pbip fog~o{m` pbk

    embkzkmp fog~lkrepekv- Gozk pbim kqkz jkozk, kkfpeqk oqkzvehbp

    zky{ezkv hoo` fooz`emipeom o em~{p zog pkfbmefil kr~kzpv,

    gimihkgkmp, `ezkfpozv, im` opbkzv- Em kkfp, pbk liukzv o

    oqkzvehbp izk leck fomfkmpzef fezflkv oz `ekzkmp pu~kv o zevcv-

    Em ~{jleflu'oxmk` fog~imekv, pbk joiz` o `ezkfpozv xell

    pu~efillu oqkzvkk pbk vpzipkhef pbzkipv pbip fim ~{p pbk kmpezk

    fog~imu ip zevc, "k-h-, im kmqezomgkmpil `evivpkz pbip gehbp

    `kvpzou kvvkmpeil vuvpkgv im` `ipi%- Pbk joiz` giu ilvo

    oqkzvkk pbk pbzkipv pbip ~{p i j{vemkvv {mepv f{vpogkz jivk

    im` opbkz ivvkpv ip zevc, "k-h-, vkzeo{v f{vpogkz vkzqefk

    evv{kv emqolqemh pkfbmolohu%- Im`, `k~km`emh om pbk qil{k o

    pbk ivvkpv ip zevc, joiz`v giu ilvo oqkzvkk `ipi empkhzepu

    im` vkf{zepu zevcv, "k-h-, xbkm i lifc o i{pbozetipeom fompzolv

    ev vo vkzeo{v iv po fog~zogevk pbk empkhzepu o i fog~imuv

    mimfeil zk~ozpemh vuvpkg%- Po ckk~ joiz`v of{vk` om pbk

    jeh ~efp{zk evv{kv, krpkzmil i{`epozv im` zevc i`qevozv giu

    jk fillk` {~om po ~zoqe`k fkzpiem pu~kv o ivv{zimfk im`

    ifelepipk fogg{mefipeomv om pbk pkfbmefil evv{kv emqolqk`- Em

    ~zeqipklu'oxmk` im` vgillkz fog~imekv, pbk zkv~omvejelepu oz

    oqkzvehbp o EP hoqkzmimfk pu~efillu zkve`kv xepb pbk j{vemkvv

    oxmkzv im` gimihkgkmp pkigv-

    Vpzipkhef zevcv

    Kmqezomgkmpil evivpkzv

    V{jvpim`iz` o{pvo{zfemh

    [mv{vpiemijlk vuvpkgv

    J{vemkvv zevcv

    F{vpogkz vkzqefk evv{kv

    Voapxizk ~ezifu

    Fzk`ep fiz` azi{`

    J{vemkvv empkzz{~peom

    ! fompem{epu

    @ipi empkhzepu

    im` vkf{zepu

    I{pbozetipeom fompzolv

    Zkpkmpeom oa `ipi

    buvefil vkf{zepu

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    PBK KGKZHEMH AZOMPEKZV OA ZEVC GIMIHKGKMP

    Aoz Gozk Emozgipeom

    Pbk olloxemh gipkzeilv izk zkkzkmfk` em pbev zk~ozp4

    mEmvpep{pk o Empkzmil I{`epozv, Hlojil Pkfbmolohu I{`ep

    H{e`k, Emozgipeom Pkfbmolohu Fompzolv, :>>;

    Y{kvpeomv po Ivc Ijo{p EP Zevc Gimihkgkmp

    Uo{ giu m` pbk olloxemh y{kvpeomv bkl~{l em `kpkzgememh

    box xkll uo{z EP zevc gimihkgkmp ~zofkvvkv vpifc {~ xepb

    opbkz fog~imekv im` xbip i``epeomil vpk~v izk mkk`k`4

    9- Izk joiz` gkgjkzv oz j{vemkvv oxmkzv i`ky{ipklu

    emozgk` o pbk ivvkpv ip zevc?

    :- Izk qil{ipeomv o o'jilimfk vbkkp empimhejlk ivvkpv

    v{fekmplu iff{zipk im` fovp'kkfpeqk?

    6- Izk gimihkgkmp im` joiz`v i~~zo~zeipklu emozgk` o EP

    fompzol xkicmkvvkv im` iel{zkv?

    0- @o ill kg~loukkv im` fompzifpozv {m`kzvpim` pbkez

    zkv~omvejelepekv oz `ipi vkf{zepu?

    ;- Izk `ipi vkf{zepu fompzolv kqil{ipk` oz kkfpv om km`'

    {vkzv, emfl{`emh f{vpogkzv im` j{vemkvv ~izpmkzv?

    1- @okv pbk fog~imu biqk im i~~zo~zeipk `evivpkz zkfoqkzu

    ~lim im` j{vemkvv fompem{epu ~lim?8- Izk ~limv im` ~olefekv zkqekxk` ~kzeo`efillu po kmv{zk

    i~~lefijelepu po mkx pkfbmolohekv?

    2- Izk zkfz{epgkmp, zkpkmpeom im` kqklo~gkmp ~limv

    kkfpeqk em kmv{zemh {~'po'`ipk pkfbmefil vcellv?

    5- Izk uo{ v{zk uo{z fog~imu biv pickm i`ky{ipk vpk~v po

    kmv{zk epv fog~leimfk xepb ill pbk lixv im` zkh{lipeomv

    pbip i~~lu po emozgipeom pkfbmolohu?

    9>- @okv gimihkgkmp gomepoz ~zo~ovk` lixv im`

    zkh{lipeomv po kmv{zk uo{z fog~imu ev {llu ~zk~izk` po

    fog~lu xepb pbkg?

    E pbk imvxkzv po imu o pbkvk y{kvpeomv izk mo, FJET

    fim ~zoqe`k ivv{zimfk im` fomv{lpemh vkzqefkv po bkl~ uo{

    eg~zoqk uo{z fog~imuv EP zevc gimihkgkmp-

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    Pbk Kgkzhemh Azompekzv o Zevc Gimihkgkmp

    FOG^LEIMFK IM@ AEMIMFEIL ZK^OZPEMH

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    PBK KGKZHEMH AZOMPEKZV OA ZEVC GIMIHKGKMP

    Pbzo{hbo{p pbk :>>>v, lkhevlipozv im` zkh{lipozv {mlkivbk`

    i pe`il xiqk o mkx lixv im` zkh{lipeomv im` vpk~~k` {~

    kmozfkgkmp ifpeomv po jkppkz ~zopkfp emqkvpozv, f{vpogkzv,

    im` kg~loukkv zog {mkr~kfpk` dolpv `{k po zevcv pbip xkzk

    mop ozkvkkm oz gepehipk`- Ip pbk vigk pegk, iffo{mpemh

    vpim`iz`'vkppkzv vpk~~k` {~ kozpv po fomqkzhk [V hkmkzillu

    iffk~pk` iffo{mpemh ~zemfe~lkv "[V HII^% xepb Empkzmipeomil

    Aemimfeil Zk~ozpemh Vpim`iz`v "EAZV%- Pbk fogjemipeom o

    pbkvk kozpv lkp [V'jivk` fog~imekv `kilemh xepb vehmefimp

    {mfkzpiempekv em fog~leimfk im` zk~ozpemh ip pbk vigk pegk

    pbku xkzk `kilemh xepb {m~zkfk`kmpk` {mfkzpiempekv em pbk

    kfomogu- Pohkpbkz, pbkvk ifpozv jopb bkl~k` im` bem`kzk`

    pbk do{zmku poxiz` jkppkz kmpkz~zevk zevc gimihkgkmp"KZG%- Gimu fog~imekv zkfohmetk` pbk mkk` oz jkppkz

    zevc gimihkgkmp j{p bi` legepk` zkvo{zfkv po i`o~p im`

    eg~lkgkmp zoj{vp KZG vuvpkgv-

    Fbimhemh Lixv im` Iffo{mpemh Vpim`iz`v

    Vogk o pbk govp vehmefimp fbimhkv em lixv, z{lkv,

    zkh{lipeomv im` iffo{mpemh fbimhkv ikfpemh fog~imekv

    po`iu emfl{`k pbk olloxemh4

    mGidoz lkhevlipeom xiv kmifpk` em pbk [V em zkv~omvk po

    mimfeil zk~ozpemh im` fzk`ep fzevkv, emfl{`emh pbk Vizjimkv'

    Orlku Ifp o :>>: im` pbk @o``'Azimc Xill Vpzkkp Zkozg

    im` Fomv{gkz ^zopkfpeom Ifp o :>9>- Pbk Vizjimkv'

    Orlku Ifp empzo`{fk` empkzmil fompzol zk~ozpemh im` i{`epoz

    ippkvpipeom zky{ezkgkmpv oz ill ~{jlef fog~imekv, j{p

    vgillkz fog~imekv xkzk lipkz krkg~pk` zog pbk ippkvpipeom

    zky{ezkgkmpv- Pbk @o``'Azimc Ifp empzo`{fk` vxkk~emh

    zkozgv oz pbk mimfeil vkfpoz iv xkll iv hoqkzmimfk

    zkozgv pbip ikfp ill vkfpozv- Pbk fbimhkv emfl{`k i

    vehmefimp kr~imveom o pbk VKFv ~oxkzv po fog~kmvipk

    xbevplk'jloxkzv im` hzkipkz vbizkbol`kz zehbpv, emfl{`emh

    qopkv om krkf{peqk fog~kmvipeom-

    mZkfkmp [V iffo{mpemh vpim`iz`v im` VKF z{lkv biqk

    kvpijlevbk` i``epeomil zky{ezkgkmpv oz `evflov{zkv ijo{p

    zevcv, im` pbk [V Aemimfeil Iffo{mpemh Vpim`iz`v Joiz`

    "AIVJ% ev fomve`kzemh vxkk~emh fbimhkv em iffo{mpemh

    im` mimfeil zk~ozpemh- Pbk AIVJ biv zklkivk` i m{gjkz

    o kr~ov{zk `zipv `kvehmk` po fomqkzhk [V HII^ xepb

    EAZV- Pbkvk ~zo~ovilv xo{l` gick vehmefimp fbimhkv

    po [V HII - [mfkzpiempekv zkgiem zkhiz`emh pbk mil

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    PBK KGKZHEMH AZOMPEKZV OA ZEVC GIMIHKGKMP

    vpim`iz`v im` kkfpeqk `ipkv, iv xkll iv xbkm pbk VKF

    gehbp zky{ezk oz ~kzgep [V evv{kzv po {vk EAZV em pbkez

    VKF lemhv- Pbk AIVJ ev ilvo fomve`kzemh i ~zo~ovil oz

    i vk~izipk [V ~zeqipk fog~imu iffo{mpemh vpim`iz`v'

    vkppemh joiz`-

    mVogk iffo{mpemh fbimhkv emepeipk` em pbk ge`' po

    lipk' :>>>v biqk bi` i `kliuk` eg~ifp- Aoz krig~lk,

    pbk AIVJ gi`k vehmefimp fbimhkv po pbk iffo{mpemh

    oz j{vemkvv fogjemipeomv {m`kz [V HII^ em pbk lipk

    :>>>v, j{p fog~imekv bi` zklipeqklu kx offiveomv po

    eg~lkgkmp pbkvk fbimhkv {mpel pbk ~ifk o ifpeqepu em

    gkzhkzv im` ify{evepeomv "G!I% ~efck` {~ em :>99-

    mGimu o pbk mkx lixv im` z{lkv biqk vehmefimp pireg~lefipeomv- Govp mopijlu, fbimhkv em [V pir lixv biqk

    ~lifk` i``k` kg~bivev om pbk zk~ozpemh o {mfkzpiem

    pir ~ovepeomv oz jopb iffo{mpemh im` pir ~{z~ovkv "EZV

    Vfbk`{lk [P^%, im` pbk [V ev fomve`kzemh gidoz pir

    zkozg oz j{vemkvvkv oz pbk zvp pegk em `kfi`kv em

    im kozp po loxkz pbk vpip{pozu zipk im` zk`{fk j{`hkp

    `kfepv-

    Gozk Hzku Izkiv im` pbk Mkk` oz Hzkipkz D{`hgkmp

    Iv i zkv{lp o pbk emfzkivk` qol{gk o mkx lixv im`

    iffo{mpemh vpim`iz`v, fog~imekv g{vp `kqopk gozkzkvo{zfkv po gomepozemh im` {m`kzvpim`emh pbk fbimhemh

    zky{ezkgkmpv- Ip pegkv, pbk eg~lefipeomv fim jk `ef{lp po

    `evfkzm, im` fog~imekv fim m` pbkgvklqkv em {mfbizpk`

    pkzzepozekv oz hzku izkiv pbip zky{ezk fomve`kzijlk d{`hgkmp

    im` i`` po pbk zevcv zklipk` po fog~leimfk im` mimfeil

    zk~ozpemh- Bkzk izk i kx krig~lkv4

    mEAZV- Fbimhkv em [V iffo{mpemh vpim`iz`v po ifbekqk

    fomqkzhkmfk xepb EAZV fim biqk jzoi` j{vemkvv

    eg~lefipeomv pbip krpkm` iz jkuom` pbk iffo{mpemh

    `k~izpgkmp, im` i lifc o empkz~zkpeqk h{e`imfk giu biqk

    {mempkm`k` fomvky{kmfkv, v{fb iv i lifc o fog~izijelepu

    igomh mimfeil vpipkgkmpv oz gevfogg{mefipeomv xepb

    emqkvpozv iff{vpogk` po [V HII -

    mPirkv- Vfbk`{lk [P , xbefb ev kkfpeqk em :>99,

    empzo`{fkv i``k` pir zevcv jkfi{vk {mfkzpiem pir

    ~ovepeomv giu mkk` po jk zk~ozpk` po pbk EZV jkozk

    pbku izk zkvolqk`- Ip pbk vigk pegk, fog~imekv giu

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    PBK KGKZHEMH AZOMPEKZV OA ZEVC GIMIHKGKMP

    ifk opbkz mkx pir zevcv iv pbk Ojigi I`gemevpzipeom ev

    fomve`kzemh i givveqk pir oqkzbi{l pbip giu empzo`{fk

    ukp gozk zevcv im` {mfkzpiempekv `{zemh pbk lkhevlipeqk

    im` z{lk'gicemh ~zofkvv-

    mG!I- Iffo{mpemh fbimhkv kkfpeqk em :>>5 gick ep

    gozk `ef{lp oz gimihkgkmp po ~zk`efp pbk kizmemhv

    eg~ifp zog ~opkmpeil ify{evepeomv, im` pbev emfzkivkv

    pbk zevcv pbip giu iffog~imu G!I xepbo{p emfzkivk`

    `{k `elehkmfk im` kr~kzp h{e`imfk em v{fb izkiv iv

    qil{ipeomv im` ify{evepeom iffo{mpemh-

    mAzi{`{lkmpmimfeilzk~ozpemh- Pbk VKFv kr~im`k`

    ~oxkzv po fog~kmvipk xbevplk'jloxkzv fo{l` ikfp

    foz~ozipk boplemkv em ~{jlef fog~imekv- F{zzkmplu, pbkvkboplemkv izk qekxk` iv im eg~ozpimp xiu po `kpkfp

    zi{`- Vogk biqk kr~zkvvk` fomfkzmv ijo{p i zevc pbip

    kg~loukkv xell zk~ozp zi{` po pbk VKF xepbo{p zk~oz pemh

    ep po pbk fog~imu zvp-

    m@ipivkf{zepu- Pbk Ak`kzil Pzi`k Foggevveom ~limv po

    vpizp kmozfemh pbk Zk` Alihv Z{lk em :>99- Xepb legepk`

    krfk~peomv, "k-h-, oz lix im` iffo{mpemh zgv%, pbev z{lk

    i~~lekv po ill fog~imekv pbip okz hoo`v oz vkzqefkv im`

    illox f{vpogkzv po ~iu lipkz- [m`kz pbk z{lk, fog~imekv

    g{vp pick vpk~v po `kpkfp e`kmpepu pbkp, emfl{`emh xzeppkm

    ~zohzigv oz iffo{mpv pbip ~zkvkmp i zkivomijlu

    ozkvkkijlk zevc zog e`kmpepu pbkp- Pbev vpim`iz` zievkvevv{kv emqolqemh v{jdkfpeqk empkz~zkpipeom-

    mVofeilmkpxozcv- [V lixv im` kmozfkgkmp ifpeomv

    ijo{p vofeil mkpxozcv zievk lkhil y{kvpeomv mop ukp

    i``zkvvk` ju pbk fo{zpv, xepb pbk zkv{lp pbip fog~imekv

    giu mkk` po xilc i mk lemk jkpxkkm fog~leimfk im`

    ~zopkfpemh pbkez zk~{pipeomv- Aoz krig~lk, kmozfkgkmp

    ifpeomv ju pbk Mipeomil Lijoz Zkqekx Joiz` em`efipk

    fog~imu ~olefekv oz xozc~lifk {vk o vofeil mkpxozcemh

    im` zklipk` `evfe~lemizu ifpeomv oz qeolipeomv o pbk

    ~olefu giu jk qekxk` iv qeolipemh k`kzil lijoz lixv-

    Oqkzvehbp Fbillkmhkv

    Pbk fbillkmhkv o oqkzvkkemh fog~leimfk xepb vpim`iz`v,

    z{lkv, im` zkh{lipeomv izk fog~o{m`k` ju p{zj{lkmp kfomogef

    pegkv- Vp{`ekv vbox pbip pbk zevcv o zi{` go{mp xbkm pbkzk

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    PBK KGKZHEMH AZOMPEKZV OA ZEVC GIMIHKGKMP

    izk ~zkvv{zkv po hzox pbk j{vemkvv oz xbkm fovp'f{ppemh

    fog~zogevkv empkzmil fompzolv- Aoz krig~lk, i zkfkmp FOVO

    vp{`u o{m` pbip4

    mGovp fivkv o zi{`{lkmp mimfeil zk~ozpemh `{zemh pbk

    :>>>v off{zzk` xbkm fog~imekv xkzk kr~kzekmfemh

    mkp lovvkv oz xkzk em flovk po jzkic'kqkm ~ovepeomv em

    ~kzeo`v jkozk pbk zi{`-

    mPbk govp foggom gopeqipeomv oz zi{`v igomh

    ~{jlef fog~imekv emfl{`k` pbk mkk` po gkkp kizmemhv

    kr~kfpipeomv, iv xkll iv ippkg~pv po fomfkil pbk

    fog~imuv `kpkzeozipemh mimfeil fom`epeom, emfzkivk pbk

    vpofc ~zefk, jolvpkz mimfeil ~kzozgimfk oz ~km`emhky{epu oz `kjp mimfemh, oz emfzkivk gimihkgkmp

    fog~kmvipeom jivk` om mimfeil zkv{lpv-

    Pbk FOVO zk~ozp fomfl{`k` pbip i``epeomil vck~pefevg

    ev mkk`k` ip pegkv xbkm pbkzk izk emfzkivk` ~zkvv{zkv

    oz zi{`- Pbkvk m`emhv zkemozfk pbk mkk` oz pbozo{hb

    em`k~km`kmp i{`epv im` fim`e` `evf{vveom xepb i{`epozv o

    imu ojvkzqipeomv im` zkfoggkm`ipeomv-

    Aemimfeil Zkv{lpv im` Leckleboo` o Azi{`{lkmp Zk~ozpemh

    1

    ;

    0

    6

    :

    9

    >

    :>>: :>>; :>>2 :>99

    Leckleboo` o gkkpemh `kjp foqkmimp

    Vpofc gizckp ~zefk

    Mkp emfogk

    Leckleboo o zi{`{lkmp amimfeil zk~ozpemh

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    PBK KGKZHEMH AZOMPEKZV OA ZEVC GIMIHKGKMP

    Pbk ~zov~kfpv oz fomqkzhkmfk xepb EAZV giu fog~o{m`

    pbk fbillkmhkv pbip lek ibki`, Jkfi{vk EAZV izk hkmkzillu

    qekxk` iv ~zemfe~lkv'jivk` im` lkvv z{lk'empkmveqk pbim

    [V HII , vogk jklekqk pbk i``k` akrejelepu ioz`k` ju EAZV

    giu fompzej{pk po i behbkz leckleboo` o zi{`{lkmp mimfeil

    zk~ozpemh im` pbk mkk` oz kqkm gozk d{`hgkmp ju ~zk~izkzv

    im` hzkipkz vck~pefevg ju em`k~km`kmp i{`epozv- Pbk VKF

    biv ihzkk` po fom`{fp i pbozo{hb vp{`u o pbk eg~lefipeomv

    jkozk gicemh imu mil `kfeveomv zkhiz`emh {vk o EAZV

    ju [V evv{kzv- I{`ep foggeppkkv im` opbkzv fbizhk` xepb

    hoqkzmimfk xell mkk` po gomepoz pbev izki flovklu po e`kmpeu,

    gomepoz im` gepehipk pbk zevcv emqolqk`-

    I``epeomil emozgipeom ijo{p pbk FOVO vp{`u ev iqielijlk em

    pbk olloxemh zk~ozp4

    mFOVO, Azi{`{lkmp Aemimfeil Zk~ozpemh4 9552':>>8,

    Im Imiluvev o [-V- ^{jlef Fog~imekv, Giu :>9>

    "iqielijlk ip bpp~4//xxx-fovo-ozh/`of{gkmpv/

    FOVOAZI[@VP[@U:>9>_>>9-~`%

    Y{kvpeomv po Ivc Ijo{p Fog~leimfk im`

    Aemimfeil Zk~ozpemh

    Pbk olloxemh y{kvpeomv giu jk bkl~{l em `kpkzgememh boxxkll uo{z fog~imu ev fogemh po hze~v xepb zevcv zklipk` po

    fog~leimfk im` mimfeil zk~ozpemh-

    9- Biv pbk fog~imu kqil{ipk` pbk eg~ifp o fomqkzhkmfk

    xepb EAZV om epv empkzmil fompzol vuvpkgv im` mimfeil

    vpipkgkmpv?

    :- Ev pbk fog~imu gomepozemh zky{ezkgkmpv im` jkvp

    ~zifpefkv oz `evflov{zkv ijo{p zevcv, jopb em pbk mopkv po

    pbk mimfeil vpipkgkmpv im` em opbkz ~lifkv, emfl{`emh pbk

    G@!I vkfpeomv o imm{il zk~ozpv, e i~~lefijlk?

    6- @okv pbk fog~imu biqk i xbevplkjloxkz ~zohzig v{jdkfp

    po oqkzvehbp ju pbk i{`ep foggeppkk "oz opbkzv fbizhk` xepb

    hoqkzmimfk%?

    0- Biv pbk i{`ep foggeppkk "oz opbkzv fbizhk` xepb

    hoqkzmimfk% i~~zoqk` y{impek` zevc polkzimfkv, xbkzk

    i~~zo~zeipk?

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    PBK KGKZHEMH AZOMPEKZV OA ZEVC GIMIHKGKMP

    ;- @okv pbk i{`ep foggeppkk "oz opbkzv fbizhk` xepb

    hoqkzmimfk% ~zojk pbk lkqkl o zevc oz {mfkzpiempu em fzepefil

    iffo{mpemh kvpegipkv im` `evf{vv pbk kvpegipkv xepb pbk

    krpkzmil i{`epoz?

    1- Ev pbk fog~imuv zevc gimihkgkmp ~zohzig empkhzipk` xepb

    epv empkzmil im` krpkzmil i{`epv?

    8- Biqk i~~zo~zeipk lkhil im` zevc kr~kzpv jkkm fomv{lpk` po

    kmv{zk pbip ill qeijlk zevc o~peomv biqk jkkm e`kmpek` im`

    izk i~~zo~zeipklu {m`kzvpoo`?

    2- @okv pbk fog~imu biqk zevc ~kzozgimfk gkiv{zkv po vkk

    box xkll ep ev gimihemh epv zevcv?

    5- @okv pbk fog~imu gomepoz mkx lixv, z{lkv, zkh{lipeomv

    im` iffo{mpemh fbimhkv zkh{lizlu im` {~`ipk epv zevcivvkvvgkmpv po kmv{zk pbku zkgiem f{zzkmp?

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    Pbk Kgkzhemh Azompekzv o Zevc Gimihkgkmp

    KGKZHEMH ZEVCV IM@ CKU ZEVC EM@EFIPOZV

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    PBK KGKZHEMH AZOMPEKZV OA ZEVC GIMIHKGKMP

    [lpegipklu, pbk hoil o imu zevc gimihkgkmp ~zohzig ev po

    kmijlk gimihkgkmp po pick ifpeom em pegk po gepehipk pbk

    zevcv im` iqoe` bizg po pbk fog~imuv zk~{pipeom, ivvkpv, im`

    qil{k- Ukp gimu fog~imekv vkkg po jk vpz{hhlemh xepb pbk

    e`kmpefipeom im` zk~ozpemh ~bivkv, lkiqemh j{vemkvv oxmkzv

    im` joiz`v o `ezkfpozv `evvipevk` xepb pbk zkv{lpv- Foggom

    z{vpzipeomv emfl{`k pbk pegk im` fovp zky{ezkgkmpv, iv xkll

    iv pbk `khzkk o `ef{lpu emqolqk` em ihhzkhipemh zevcv po

    fogk {~ xepb vogk vozp o joppog lemk em`efipoz pbip ev bkl~{

    po joiz`v- Pbzo{hb i vkzekv o v{zqkuv im` xbepk ~i~kzv,

    pbk Foggeppkk o V~omvozemh Ozhimetipeomv o pbk Pzki`xiu

    Foggevveom "FOVO% im` opbkz hzo{~v izk i`qofipemh i

    m{gjkz o vpk~v po bkl~ oqkzfogk pbkvk z{vpzipeomv im` pickkmpkz~zevk zevc gimihkgkmp "KZG% po pbk mkrp lkqkl-

    Zevc Zk~ozpemh4 Izkiv oz Eg~zoqkgkmp

    Zkfkmp v{zqkuv biqk bomk` em om pbk v~kfef izkiv o

    eg~zoqkgkmp pbip izk o pbk govp empkzkvp po foz~ozipk joiz`v

    o `ezkfpozv- Govp mopijlu, joiz`v ximp zkh{liz im` zoj{vp

    vuvpkgv o zk~ozpemh zevcv im` pbku ximp gimihkzv po jkfogk

    gozk emqolqk` em kmpkz~zevk zevc gimihkgkmp ~zofkvvkv

    pbip foqkz pbk kmpezk fog~imu, mop d{vp vklkfpk` j{vemkvv

    o~kzipeomv- Bkzk izk i kx krig~lkv o zkfkmp m`emhv pbip

    zkakfp pbkvk ximpv im` mkk`v4

    mFOVO v~omvozk` i v{zqku o FAOv em pbk IEF^Iv

    j{vemkvv im` em`{vpzu hzo{~ em :>>2- Pbk v{zqku o{m`

    pbip joiz`v o `ezkfpozv xkzk ivcemh vkmeoz krkf{peqkv po

    emfzkivk pbkez emqolqkgkmp em zevc oqkzvehbp em ilgovp bil

    pbk ozhimetipeomv zk~zkvkmpk`-

    mPbk vp{`u o pbk IEF^I hzo{~ ilvo o{m` pbkzk xiv mo

    ozgil kmpkz~zevk'xe`k zevc gimihkgkmp ~zofkvv em ~lifk

    ip i vehmefimp gemozepu "00+% o pbk fog~imekv v{zqkuk`

    im` {llu 8;+ o pbk fog~imekv v{zqkuk` vie` pbip cku

    zevcv xkzk fogg{mefipk` omlu om im i` bof jivev ip

    gimihkgkmp gkkpemhv-

    mI gozk zkfkmp FOVO vp{`u zklkivk` em :>9> o{m` pbip

    qkzu kx fog~imekv ":2+% `kvfzejk pbkez KZG vuvpkgv

    iv vuvpkgipef, zoj{vp im` zk~kipijlk, xbelk {llu 1>+

    o pbk fog~imekv v{zqkuk` `kvfzejk` pbkez zevc picemh

    iv govplu emozgil oz pzifck` omlu xepbem em`eqe`{il velov

    zipbkz pbim kmpkz~zevk'xe`k-

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    PBK KGKZHEMH AZOMPEKZV OA ZEVC GIMIHKGKMP

    mPbk gidozepu "ilgovp pxo'pbez`v% o pbk fog~imekv em pbk

    :>9> v{zqku viu pbku zk~ozp po~ zevc kr~ov{zkv po pbk

    joiz` om i zkh{lizlu'vfbk`{lk` jivev- Boxkqkz, pbk ozg

    o oqkzvehbp i~~kizv po jk fiv{il im` {mvpz{fp{zk`-

    Fbillkmhkv4 Kgkzhemh Zevcv im` Gkiv{zkgkmpv o Empimhejlkv

    Xbu izk zevc gimihkgkmp zk~ozpemh vuvpkgv illemh vbozp

    o kr~kfpipeomv? Izh{ijlu pbk govp `ef{lp ojvpiflkv

    po vuvpkgipef, zoj{vp, im` zk~kipijlk zevc gimihkgkmp

    ~zofkvvkv po`iu emqolqk4

    9- Giempiememh i vuvpkg pbip ckk~v {~ po `ipk xepb kgkzhemhzevcv, zipbkz pbim veg~lu zollemh ozxiz` im` {~`ipemh pbk

    omkv e`kmpek` em ~zeoz ukizv, im`

    :- @kqklo~emh ~zifpefil, fovp'kkfpeqk vuvpkgv o zk~ozpemh

    zevcv zklipk` po `ef{lp'po'gkiv{zk empimhejlkv, v{fb iv

    pbk vkf{zepu o i fog~imuv `ipi, oz pbk y{ilepu o epv

    mimfeil zk~ozpemh ~zifpefkv-

    Pkfbmey{kv

    Xbelk empimhejlkv zkgiem `ef{lp po gkiv{zk, vkqkzil

    pkfbmey{kv biqk jkkm `kqklo~k` po bkl~ oqkzfogk pbk

    ojvpiflkv zklipk` po zk~ozpemh vuvpkgv- Jzek v{ggizekv o

    pbk v{hhkvpk` i~~zoifbkv izk iv olloxv4

    mLki`emh zevc em`efipozv im` kvfilipeom pzehhkzv- Pbk

    FOVOv :>>0 zk~ozp v{hhkvpv pbk {vk o lki`emh zevc

    em`efipozv im` kvfilipeom oz pbzkvbol` pzehhkzv-

    Krig~lkv4 I fog~imu gehbp gomepoz fomv{gkz

    fom`kmfk iv i lki`emh em`efipoz o vilkv qol{gk

    "~zodkfpk` {mepv vol` ~kz vpozk ~kz gompb%- Oz ep gehbp

    gomepoz im em`kr o vpi gozilk o behb ~kzozgkzv iv i

    lki`emh em`efipoz o vpi p{zmoqkz- Pbk ~zemfe~lk jkbem`

    pbev i~~zoifb ev pbip fomv{gkz fom`kmfk em`efipozv

    vbo{l` jk zk~ozpk` po joiz`v e pbku ill vbozp o i ~zk'

    `kpkzgemk` lkqkl3 vegelizlu, vpi gozilk em`efipozv vbo{l`

    jk zk~ozpk` e pbku ill vbozp o i gemegillu'iffk~pijlk

    lkqkl- Em kkfp, pbk ~zk'`kpkzgemk` lkqklv izk kvfilipeom

    pbzkvbol`v oz zevc pbzkvbol`v- Em ~zifpefk, boxkqkz, ep

    fim jk i fbillkmhk po ihzkk om gkimemh{l m{gkzefil

    em`efipozv im` pbzkvbol`v-

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    PBK KGKZHEMH AZOMPEKZV OA ZEVC GIMIHKGKMP

    mEm`efipozv jivk` om fi{vil imiluvev- I :>9> FOVO

    xbepk ~i~kz v{hhkvpv i vuvpkgipef i~~zoifb po pbk

    `kqklo~gkmp o cku zevc em`efipozv "CZEv%- [m`kz pbev

    i~~zoifb, pbk vklkfpeom o CZEv ev jivk` om im imiluvev

    o pbk zoop fi{vkv o kqkmpv em`kmpek` iv vehmefimp-

    Krig~lkv4 I fog~imu gehbp e`kmpeu i jzockm `kjp

    foqkmimp iv i vehmefimp kqkmp pbip vbo{l` jk zk~ozpk`

    po pbk joiz` o `ezkfpozv- Ep xell lecklu jk `ef{lp po

    e`kmpeu i vemhlk zoop fi{vk oz i jzockm foqkmimp-

    J{p im imiluvev o ~ovvejlk fi{vkv gehbp lki` po pbk

    e`kmpefipeom o empkzgk`eipk ifpozv, v{fb iv `kfzkivkv

    em vilkv em zkfkmp gompbv oz vbozpihkv o fivb zkv{lpemhem pbk mkk` oz vbozp'pkzg jozzoxemh- Pbkvk ifpozv

    em p{zm gehbp zkv{lp zog oqkzill kfomogef fom`epeomv,

    ~zefemh pzkm`v, oz lijoz evv{kv im` pbkvk ifpozv xo{l`

    jk vkkm iv pbk zoop fi{vkv oz xbefb cku zevc em`efipozv

    vbo{l` jk `kqklo~k`-

    Jkfi{vk pbk :>9> i~~zoifb fomve`kzv ep {mlecklu pbip imu

    omk em`efipoz xell i`ky{ipklu fi~p{zk ill pbk ifkpv o i

    `kqklo~emh zevc, i fozollizu ~zemfe~lk ev pbip govp fog~imekv

    xell mkk` po gomepoz im` xkehbp i `ivbjoiz` o em`efipozv-

    Ell{vpzipeom4 @ivbjoiz` o Em`efipozv

    Aoz vogk fog~imekv, pbk jkvp i~~zoifb giu jk i zevc

    vfozkfiz` pbip {vkv i fogjemipeom o pbk pxo pkfbmey{kv

    `kvfzejk` ijoqk ju zk~ozpemh om pbk empimhejlkv ip zevc

    xepbo{p pzuemh po gkiv{zk pbkg- Pbev fim jk `omk {vemh

    CZEv, foloz'fo`k` vpip{v em`efipozv, im` im izzox po vbox pbk

    pzkm`, "e-k-, xbkpbkz pbk zevc ev emfzkivemh oz `kfzkivemh% iv

    ell{vpzipk` em pbk pijlk om pbk mkrp ~ihk-

    Em kkfp, pbk foloz'fo`k` efomv em pbk pijlk zkakfp pbk

    ~ovepeomemh o pbk zevc om i zevc gi~ oz bkip gi~- Hzkkm

    zk~zkvkmpv zevcv pbip izk lox eg~ifp im` biqk i lox

    leckleboo` o bi~~kmemh3 zk` zk~zkvkmpv zevcv pbip xo{l`

    biqk i behb eg~ifp im` i behb leckleboo` o gipkzeiletemh3

    im` igjkz zk~zkvkmpv zevcv pbip izk gk`e{g eg~ifp im`

    biqk i go`kzipk fbimfk o bi~~kmemh- Pbk izzoxv em`efipk

    xbkpbkz pbk zevc po pbk ivvkpv ev emfzkivemh oz `kfzkivemh-

    Aoz krig~lk, i `oxmxiz` pzkm` em pbk m{gjkz o cmoxm

    q{lmkzijelepekv po bifckz ippifcv ev im em`efipeom pbip pbk

    fog~imuv `ipi vkf{zepu zevc ev `kfzkivemh, xbelk im {~xiz`

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    PBK KGKZHEMH AZOMPEKZV OA ZEVC GIMIHKGKMP

    pzkm` em pbk m{gjkz o mom'[V mimfk `ezkfpozv xbo izk mop

    cmoxlk`hkijlk ijo{p [V HII^ ev im em`efipeom pbip zevc po

    pbk y{ilepu o pbk fog~imuv mimfeil zk~ozpemh {m`kz [V

    HII^ ev emfzkivemh-

    Ivvkpv ip Zevc Cku Zevc Em`efipozv Vpip{v Pzkm`

    Vkf{zepu o f{vpogkz `ipi

    Cmoxm q{lmkzijelepekv l

    M{gjkz o {mi{pbozetk` ippkg~pv po

    iffkvv `ipil

    Fog~imuv zk~{pipeom oz vikpu

    V~ellv o bitiz`o{v gipkzeilvpzimv~ozpk` ju fog~imu

    l

    Mo- o xozc~lifk iffe`kmpv l

    Y{ilepu o mimfeil zk~ozpemh

    Mo- o emfe`kmpv o zi{`{lkmp zk~ozpemh

    fillk` empo pbk boplemkl

    Mo- o mom'[V v{jve`eizekv xepb mimfk

    `ezkfpozv xbo izk mop cmoxlk`hkijlk

    ijo{p [V HII^

    l

    Pbev i~~zoifb xozcv xkll oz gimu pu~kv o j{vemkvv zevcv-J{p ep ev `ef{lp po i~~lu po jlifc vxim zevcv pbip izk behb

    eg~ifp, biz`'po'~zk`efp zevcv o kqkmpv pbip ho jkuom` pbk zkilg

    o mozgil kr~kfpipeomv em vfekmfk, mimfk im` pkfbmolohu-

    ^zofkvvkv oz gimihemh pbkvk pu~kv o zevcv izk vpell jkemh

    `evf{vvk` ju gimihkzv, zevc i`qevozv, im` ifi`kgefv-

    Aoz Gozk Emozgipeom

    Pbk olloxemh gipkzeilv izk zkkzkmfk` em pbev zk~ozp im`

    iqielijlk ip xxx-fovo-ozh4

    mFOVO, Kmpkz~zevk Zevc Gimihkgkmp Empkhzipk`

    Azigkxozc, :>>0 mZk~ozp om pbk F{zzkmp Vpipk o Kmpkz~zevk Zevc Oqkzvehbp,

    Gimihkgkmp Iffo{mpemh Zkvkizfb Fom`{fpk` om Jkbil

    o pbk IEF^I, Gizc Jkivlku, Jz{fk Jzimvom, im` Jommek

    Bimfofc, :>>5

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    PBK KGKZHEMH AZOMPEKZV OA ZEVC GIMIHKGKMP

    m@kqklo~emh Cku Zevc Em`efipozv po Vpzkmhpbkm Kmpkz~zevk

    Zevc Gimihkgkmp4 Box Cku Zevc Em`efipozv Fim Vbiz~km

    Aof{v om Kgkzhemh Zevcv, FOVO, Gizc Jkivlku, Jz{fk F-

    Jzimvom, im` Jommek Bimfofc

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  • 8/6/2019 The Emerging Frontiers of Risk Management: TODAYS NORMS AND EXPECTATIONS

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