ORRF to become for-profit organisation
LONDON -- The Operational Risk Research Forum (ORRF) -- founded several years ago as a kind of not-for-profit academic think tank for op risk executives based in London -- is reformulating and splitting into two.
Chairman Brendon Young has changed the status of ORRF to be a for-profit limited company. This came as a bit of a shock to some involved in ORRF, who would have preferred it remain as it was. As a result, John Thirlwell and David Clark, both directors of ORRF, are shifting their focus to the Institute for Operational Risk, which was founded in 2004. Both are said to be giving up their involvement
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