Risk management is ultimately about changing organizational culture to accept risk and facilitate risk discussion when performing business activities or making any strategic, investment or project decisions. Vincent Tophoff in the recent International Federation of Accountants thought paper called From Bolt-on to Built-in has put it nicely “there is no such thing as risk culture. Instead, there is an organizational culture, in which managing risk should be an obvious, integrated action.”
Below are some practical steps to integrate risk management into the overall culture of the organisation, make it part of the corporate DNA (extract from the Guide to effective risk management 3.0, read the full book for free: https://www.risk-academy.ru/en/download/risk-management-book).
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