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Six Reasons Managing Risk is Important for Private Technology Firms

TechAssure members help growth companies unlock extraordinary potential by finding ways to use risk management to turn their vision into reality. Risk issues driving the technology industry today are many.

Risk Management for private technology firms is so important for many reasons:

  1. Management’s challenge is to integrate all its relevant information about risk and communicate that information to investor consistently.
  2. Shareholders demand that management adequately identify all material risks facing the organization.
  3. Auditing protocols are beginning to require organizations to report risks in a forward-looking context.
  4. Firms (private and public) are increasingly being held accountable for managing their risks on a portfolio basis.
  5. Failure to anticipate and analyze risk increasingly results in litigation.
  6. Investors favor firms that understand, and manage, their risks.

To learn more about the benefits of working with a TechAssure member, please give us a call at 512-377-9594, xt 700

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