Government guidelines drive effective risk management in Malaysian and UK public sectors.
The paper compares how Malaysia and the UK handle risk management in their public sectors. It shows that having clear policies and guidelines is crucial for managing risks effectively. Following government regulations is a key factor in controlling risks in organizations. Good guidelines help ensure that risk management is an ongoing process, not just a one-time thing. Malaysia can improve its risk management by learning from the UK and other countries. By adopting best practices from the private sector and other public sector organizations, Malaysia can develop better risk management processes.