Last week my blog was about what your risk function should look to deliver in the 2020s. In it I suggested risk functions should deliver: “The kind of leadership that will ensure a culture where everyone leans in and takes accountability for managing the uncertainty surrounding their decision making”. Realistically, how are we going to do
Last week I wrote about why risk management has been failing in many organisations. The reason I gave was because risk functions often don’t deliver much value to the business served. The root cause, risk professionals often overcomplicate things and business leaders switch off and assume the “talk to the hand” pose. So, the obvious answer
While there continues to be man-made catastrophes and Royal Commissions into the operation of industries such as finance and aged care, one must conclude that risk management has failed in many organisations. The banks and insurance companies were not bereft of resources focussed on risk and compliance. Unfortunately, their efforts had limited impact. There are
When is the last time you had someone look at you with their jaw dropped and their eyes wide? I hope it was recently. It could mean you just gave them invaluable advice. Invaluable advice is hard to come by unless you do the hard-smart work. That is the work that others won’t or can’t
It is inherently difficult to make fantastic decisions all the time without outside assistance as we are all subject to deep-seated psychological biases — some genetic, some learned in our formative years and some a response to particular events in our lives. Therefore, forming a tight partnership between you and your advisers is key. Partnerships are