Results for: risk appetite statement

Risk taking is not just essential it is unavoidable. The other evening, I was waiting at a busy intersection with complicated turning options for vehicles. I saw a green light, took two steps, realised something was wrong and hightailed it back to the curb. Yes, it was the green light for the cars and my

Ten years ago nine out of ten CFOs I was consulting to would tell me their CEO was too busy to meet to discuss the risk program under development. The CFO was tasked with the job and we should just get on with it. Today it is less likely to be a problem to meet

I have had some very interesting conversations lately with Boards, Senior Managers and Risk Managers about risk appetite. Here are some insights:   Describing what we mean by risk appetite: Risk appetite is risk speak, however, it can be easily explained. With private sector firms I tend to describe using dollars as the example –

I love coming up with the cute, pithy, epigrammatic or aphoristic titles for my blogs ☺ I also love a good thesaurus! Last week I espoused the co-creation of a decision map to improve your team’s decisions. That is, to co-create a MENTAL model of how the decision is made and look for ways to

If you are going to fully operationalise your Risk Appetite Statement (RAS) you need to go mental. Developing Mental Models is what I am talking about. Let me explain. Over the past month I have suggested you need to: support your teams by documenting the organisation’s appetite for risk; guide their decision making by reviewing