ABSTRACT
All companies, or rather their managers, have to take decisions about risk. They do this in the light of the expectations of their various stakeholders: shareholder owners, funders, employees, customers, neighbours and, of course, the managers themselves. How can the risk models described in this book assist in these decisions? Our starting point is with the shareholders, the group for whom the company, in principle, is being run. We will then look at how managers react to shareholder expectations, putting them alongside those of a host of other stakeholders, including themselves. Finally, we discuss how the approach to risk this reveals might interact with the public sector in procurement situations where risk is being transferred.
