When you (or the business area you support) are articulating a risk profile to the board, make sure you tell them about the opportunities the risk profile provides. Why? Because according to Peter Drucker, leaders should focus on investing in opportunities, not problems.[1] This will hold the most for organisations focused on risk taking, encompassing
You should be telling your board a story rather than overload them with hundreds of pages of information for a board meeting. I know the problem, people want “summary in detail” as I wrote last year in a blog. That is, even when you provide them with a fair bit of context, someone always wants
For anyone who has attended the RMIA’s flagship Enterprise Risk Management course that I designed and I (or a colleague) run, have heard that the problem with the Three Lines Model of risk management, is the impact on trust between the business and risk advisers. Unfortunately, we can’t have our cake and eat it too.
I was recently presenting a risk profile to a division executive team of a large government agency. One executive said “Wait, that’s not our risk!”. The described risk involved a major project being significantly delayed, posing a threat to the agency’s reputation due to the potential for high-profile incidents. The reason the project was delayed
A young woman I frequently mentor works in the creative industries making corporate commercials and videos. Last week she experienced something I have experienced scores of times. A problem that occurs when a team feels they have been bypassed. My mentee had been working directly with the operations team to develop videos for use on