Practical ideas: Promote risk management within and outside the company

Risk managers need to learn to be proud of their contribution to the overall success of the company. Once the company achieves positive results by managing certain risks to a high standard, it is up to the risk manager to share this success both internally and externally. This can be done by presenting at various conferences and industry events or publishing small articles in relevant magazines or web publications. Here is a list of places where we normally publish our work:

Sharing information about risk management in the company will raise risk management awareness internally and reinforce trust and transparency with suppliers, contractors, key clients and regulators externally. Clearly this is only applicable to non-confidential, public information that does not include any trade secrets or other sensitive information.

A number of the risk managers we have interviewed suggested that sharing information about risks and their mitigation with banks, investors, insurance companies and suppliers can result in significant cost savings on finance, insurance and the cost of goods.

Another good idea is to participate in annual risk management awards sessions, like the one organised by G31000 globally or by the Institute of Strategic Risk Analysis in Decision Making (ISAR) in Russia.

USE THE CHECKLIST PROVIDED BELOW TO TURN THIS SECTION INTO ACTIONS

Publish regular risk management updates in internal news bulletins or email newsletters to staff

Share success stories or useful tools or methodologies at local risk management conferences

Participate in the global risk management discussion on G31000 LinkedIn group https://www.linkedin.com/groups/1834592

Participate in the global risk management awards

 

USEFUL VIDEOS

 Alex Sidorenko from RISK-ACADEMY talks about how a risk manager can help make real money for their company. Good risk managers can provide very tangible dollar savings and help raise new funds. Find out how in this short video. https://www.youtube.com/watch?v=cGZImxwDQBE

 

USEFUL LINKS AND TEMPLATES

Publish a short risk management article on RISK-ACADEMY for free:
http://www.risk-academy.ru/en/contact-us/

 

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