Is your Board aligned on risk? A science-based approach to better board performance

For an organization to thrive in pursuit of its goals, risk-taking is essential. For an organization to take those risks effectively, its board must function optimally to determine and communicate its risk-taking objectives and risk tolerance.

The full benefits of positive risk- taking in this aligned and trusting environment include deeper collaboration, increased creativity, and accelerated innovation – in other words, an environment that leads to value creation.

But what if stated risk tolerances are not the ones really held by directors? What if actual preferences are hidden deep in our subconscious and only clearly revealed under duress or deeper analysis?

A lack of clarity regarding individual risk preferences among board members can create surprising conflict in the boardroom, challenge consensus, and potentially slow an organization’s progress toward new opportunities that maintain a competitive advantage – in other words, an environment that leads to under-performance or, even worse, value destruction.

Alex has created a short bootcamp designed to help companies implement quantitative risk management. Imagine saving the company so much money that investing in risk management competencies and resources becomes a no brainer for the executives. That's exactly what Alex Sidorenko did at a global $10B chemical company and he has been kind enough to share his top tips and lessons learned with you each week. Sign up now!

Board risk preference reports identify whether the environment exists as it appears or even as desired.

Understanding risk at the board level requires knowing each director’s true risk preferences, how the organization deploys those directors across crucial board committees, and any gaps, conflicts, or misalignments with the purpose of each board committee.

We also need to know if, collectively, the board’s risk preference aligns with the stated corporate attitude on risk, which some call a risk appetite. This is critical to building the ever-important environment of trust.

For a board of directors, differences in attitudes toward risk can change decision- making, culture, and interpersonal relationships. Risk personality traits have the power to affect an entire group dynamic. They may be revealed through conflict or lack of progress but identified as originating from other sources.

Get the board risk profile that’s right for your company

Through this report, you’ll understand how your board’s risk profile compares with your stated risk preferences and goals, and whether your crucial board committees have risk profiles in alignment with the expectations of those committees. The base report covers up to ten board members and three board committees. Additional members and committees can be added for a small fee.

Find out more

Personal Risk Preference Profile Report

In this report, the DCRO Institute provides a detailed analysis of your risk preferences. You can integrate your risk profile into your board search and documents to make you an even more effective and attractive board candidate. You can use this data to position yourself for specific committee assignments or as a complement to existing board risk preferences.

Find out more

RISK-ACADEMY offers online courses

sample85
+ Buy now

Informed Risk Taking

Learn 15 practical steps on integrating risk management into decision making, business processes, organizational culture and other activities!

149,9949,99
sample85
+ Buy now

ISO31000 Integrating Risk Management

Alex Sidorenko, known for his risk management blog http://www.riskacademy.blog, has created a 25-step program to integrate risk management into decision making, core business processes and the overall culture of the organization.

199,9949,99
sample85
+ Buy now

Управление рисками

В этом коротком и очень увлекательном курсе, Алексей Сидоренко расскажет о причинах внедрения риск менеджмента, об особенностях принятия управленческих решений в ситуации неопределенности и изменениях в новом стандарте ИСО 31000:2018.

49,9919,99

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.