Stakeholder relationships can be complex and full of surprises and hence a perfect space for risk to simmer and sometimes erupt. Perhaps the single most important aspect of stakeholder relationships that sets them apart from other challenges you face is the extremely far reaching effect a poorly managed relationship can have. One minute you can
Facing Extreme Contractual Liability Risk “Who is to blame?” How often do we read that line in a newsletter or magazine article about a legal dispute when it all went wrong? Too often, we ignore those little clauses in contracts called indemnities. A slight change in wording in an indemnity can vastly change the
Paint Draw Pick… to Implement Enterprise Risk Management across your Organisation Implement Enterprise Risk Management across your organisation no matter where you are on your Risk Management journey by taking these 7 steps: Paint a Picture: Make sure you can show and explain what the end game looks like to top management and staff. Draw
It is often said that the benefits of Risk Management are intangible. No argument here. It’s tough to say “You were successful because I helped you manage your risk” when you are talking to an already successful CEO. How then do you demonstrate the benefits of Risk Management? One approach is around the concept of
We define risk as “the effect of uncertainty on objectives” (ISO 31000), however how often do we stop and ask if we have the right objectives in the first place? On what basis were they formed? When were they developed? Have times changed? In my experience facilitating risk workshops, often a poor or even incorrect