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The nature of risk: The risk management of everything

Michael Power (PD Leake Professor of Accounting and a Director of the ESRC Center for the Analysis of Risk and Regulation (CARR) at the London School of Economics (

Balance Sheet

ISSN: 0965-7967

Article publication date: 1 December 2004



This is a briefing by the author on his PD Leake lecture given at the Chartered Accountants’ hall earlier in the year. In it he examines the rise and rise of the risk industry and assesses the changes it has wrought in business life. He argues that unless the rise is halted we will see the retreat of socially valuable intelligence from the public domain.



Power, M. (2004), "The nature of risk: The risk management of everything", Balance Sheet, Vol. 12 No. 5, pp. 19-28.



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Copyright © 2004, Emerald Group Publishing Limited

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