I have had several reasons to review a few different styles of risk appetite statements lately. Each time I compared them to my preferred method which is: One statement for each strategic objective/priority (7 +/- 2) Each statement should: State the importance of the objective e.g. “Research and development is an imperative for our future
Have you ever thought about the role strategic advisors such as accountants, lawyers, risk managers, auditors, HR managers, IT managers and many other back of house advisors play in the success of organisations? I mean really thought about it? You probably have. If you are a strategic leader receiving the advice you have probably thought
I came across this article from McKinsey and Company titled The Future of Bank Risk Management. It is very good (in particular the Executive Summary from the full paper which can be downloaded) and most of what it says is applicable to any industry. First it makes the case for better data analytics, in real-time,
I heard these questions on ABC Radio (that is the Australian Broadcasting Corporation) recently. How are these for three great questions you can ask to help you make a decision? 1. What are my options? 2. What is the chance this will benefit me? 3. What is the chance this will harm me? These were
Over the past six months I have become involved with Jason Gotch and his Organisational Resilience Working Group which has a dedicated LinkedIn Group if you are interested in joining. Yesterday I replied to an email from a member in the group on the topic of Organisational Resilience vs Risk Management and gave some thoughts