Chief Executive Officer (CEO) of Air Canada was a review of the risk management program of the company to propose a change in policy. Risk management is the subject of all corporate boards have to devote time to the financial collapse of 2008, and the board came to understand that you need to ask hard questions about the source of risk, as it has been described how he had to be made and how it is managed. The Director-General knew that he had to consider the implications of his view of the economy, interest rates, exchange rates and commodity markets on how aggressive Air Canada should be the appropriate hedge. He decided to start with a definition of the most important sources of external risk, which may significantly affect the short-and long-term financial performance of Air Canada. Then he wanted to understand how these risks are managed today and how they compared with the West Jet, their main competitor. Finally, he wanted to determine what changes need to be made to either eliminate the source of danger, or to better manage any significant risks that remain. "Hide
by David Wood, Craig Dunbar Source: Richard Ivey School of Business Foundation 11 pages. Publication Date: December 14, 2010. Prod. #: 910N37-PDF-ENG
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