Results for: risk appetite statement

Risk Appetite – The Board sets it, the Executive champion it, managers operationalise it and staff need to live it.   Embed Risk Appetite into your DNA If you want to increase the number of correct decisions made in your organisation, your goal must be to embed Risk Appetite deep into the DNA of the

I was helping an organisation develop a risk appetite statement recently. The board members had not previously been exposed to such a “device” and as you would expect were a little reticent. While I pride myself on being able to communicate the value of more formal approaches to risk management in a way that it

Thank you!  Please view and download our free webinar recordings, tools and templates by clicking on the links below. Webinar Recordings Decision Making – It’s an Uncertain World, 10/11/14 Risk Appetite – Demystifying it for Boards and Executives, 22/9/14 Becoming a Trusted Advisor: Gaining a Seat at the Table, 11/8/14 How to Build Lead Performance

Last month I mentioned a recent webinar I ran on Risk Appetite in which I pointed out that an articulated risk appetite statement is only the beginning. You need managers to operationalise it so that staff can live it.  One part of operationalising risk appetite is through communication to staff. Another part is through implementing a

I thought this article by the UNSW Business School put forward a well-balanced argument for and against the Australian Institute of Company Directors’ push for changes to corporations law to afford directors broader protection (see AICD article here). In essence the argument goes that if directors feel too much at risk of personal liability they either