Management expert Peter Drucker argues that risk management – the ability to manage the unexpected – is as important as entrepreneurship and business skills in propelling economic growth. A society that is able to control and cushion against disaster is better able to deploy its resources towards economic and social advancement. In this new edition of Risk Management, the authors build on their unique and respected model of risk management for students, academics and professionals.

New to the fifth edition of this influential book are:
• an update of the impact of legislation and corporate governance on the discipline
• an update of the King VI Code
• a new section on banking risk
• financial instruments update
• the evolution and development of risk financing, following the changes in economic and financial market environments
• a section on sustainable risk
• the implications of COVID-19 on risk management.

The target readership for this text includes students enrolled in risk management, safety management, financial management and insurance courses at university level as well as risk management professionals.

Risk Management (5th edition) remains the authoritative South African publication on a subject of increasing importance in management studies.