**6.6. Objective decisions**

Decisions taken must be objective, taking into account contrast of opinions and avoiding decision making being exclusively restricted to an individual. The Bank pursues mancommunity decisions over credit operations both in the sales and risk areas.

As the objective of this chapter is not to describe in detail each of the aforementioned risk management guidelines, the main takeaway is that it is indeed critical for a firm to have in place some sort of core principles aligning its strategic objectives with its risk management model. Which specific principles are best suited at each particular organization is an open item that requires the organization an internal analysis.

For instance, although a risk management model could prove to be extremely successful for a leading player, it does not imply that the implementation of such guidelines by another competitor would prove the same degree of effectiveness.

In general, following industry best practices, lead to superior results than other techniques; nevertheless, the achievement of enhanced performance will only come by hand of ad-hoc and particularized risk management strategy.
