Risk management and risk measurement

I had an interesting discussion concerning how to present information to investors on a fund's risk management. What became clear from this discussion is that providing risk measurement is not the same as risk management. 

You can provide a lot of information on the risk of the fund. This information is very useful, yet it is only an indicator of what will be done during a specific risk event. 

Risk measurement does not translate into what action will be taken. Measurement is a result of risk action. It is a window into risk action. Measurement  is a snapshot,  but risk management is a philosophy or a set of behaviors which will say something about how to protect principal. Risk management deals with market uncertainty while risk measurement focuses on what is countable.