The article discusses 20 best practice strategies for managing operational risk in companies. It covers topics like understanding operational risk, creating effective companies, and managing risks to reputation and brand. The importance of corporate governance and roles in risk management is highlighted, along with strategies for assessing and monitoring risks. The article also discusses the use of databases, risk indicators, and insurance in managing operational risks. It provides insights into economic risk capital modeling, regulatory supervision, and a case study on managing internet banking risk. The article emphasizes the use of technology and systems in operational risk management and provides a comprehensive guide for companies to follow.