Do employees undertaking their day to day activities share the same view of risk as the Board and executive?
Is your organisation’s appetite for risk properly defined and communicated throughout the organisation?
If you are unsure of the answers to the above questions, you might be relying on good luck. Luck is an unreliable business tool!
The Board and management are responsible for making sure there is an effective system for risk management.
It does not have be to complicated, quite the opposite, the more straightforward and pragmatic the system, the more likely it will be understood and interpreted consistently by your employees and the rest of your stakeholders.
Risk and strategy are interrelated – any strategic decisions, by definition include risk.
As a Board Director or Executive, what do you need to know about risk management?
How can RH Advisory help?
RH Advisory takes a pragmatic approach to helping Boards and management develop their risk management framework to identify, assess and manage risks.
Our approach is based on up to date quality standards and leading practice underpinned by practical experience.