What are the differences between strategic, operational & financial risks?

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James Lam (Independent Director & Risk Committee Chair, E*TRADE)


James Lam defines different types of corporate risks including strategic, operational, and financial. He looks at each type of risk and explains the need for a comprehensive approach to dealing with risk across all areas. According to Lam, these interdependent needs should be met through a robust enterprise-wide risk management program.

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About Author

James Lam

Independent Director & Risk Committee Chair, E*TRADE

James Lam is a professional with extensive experience as Chief Risk Officer, management consultant, and private and public board member. Widely recognized as an early advocate of enterprise risk management, and noted as the first-ever “Chief Risk Officer”. James is also a frequent keynote speaker for board-level and executive-level conferences.

Interviewed By


Vaishali Jain

Vaishali Jain

Sarder TV Journalist, and Former Bloomberg TV Journalist

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