Why Board Audit Committee is the worst place for risk management and having a separate Board Risk Committee is even worse

Over the last 10 years it became almost dogmatic that risk management effectiveness has to be disclosed at the Board level. It seems to be equally accepted that full Board… Continue reading Why Board Audit Committee is the worst place for risk management and having a separate Board Risk Committee is even worse

Practical ideas: Find the right sponsors

A large part of risk management success depends on the support and commitment from executives, Board members and key stakeholders. It is important, as early as possible, to identify specific… Continue reading Practical ideas: Find the right sponsors

Practical ideas: Include risk items on Board’s agenda

This next step is very important to reinforce strong risk culture within the organisation. There are various ways of including risk discussion on the Board’s agenda, however we believe that… Continue reading Practical ideas: Include risk items on Board’s agenda

5 reasons why internal audit may be the best place for the risk manager to sit

A while back I recorded a short video on the topic of risk management organizational structure in a non-financial company. In the video I discussed various options for risk manager’s… Continue reading 5 reasons why internal audit may be the best place for the risk manager to sit