Perhaps more than ever, large businesses must navigate a world of financial crises, volatile markets, natural disasters, growing regulatory scrutiny and the risky waters of global expansion. As a result, risk management has moved from the background to center stage in the boardroom. Because of the increasing uncertainty of business outcomes, shareholders — with the support of regulatory agencies — are becoming more intolerant of surprises that damage investment value and are demanding that companies have thorough, dynamic risk management processes in place. It all starts with creating a risk-aware culture. The chief financial officer (CFO) can play a significant role.