Risk management is too important to be the sole responsibility of risk managers. So says Deborah M. Luthi, the new president of the Risk and Insurance Management Society, who is leading RIMS' efforts to extend its reach beyond its risk manager membership to all those involved with risk management.

"RIMS is redefining that term risk manager and broadening it to become risk practitioner because there are many in the organization who help to manage risk beyond the traditional risk managers," Luthi says, pointing to employees in treasury, compliance, security, audit and human resources.

RIMS' inaugural enterprise risk management conference in November is the type of offering that appeals to that expanded universe of those involved in managing risk, she says, adding that "RIMS will continue to provide cutting-edge publications, thought leadership and tools that apply to this broader spectrum of risk practitioners."