An active network of “risk champions” is a very effective management tool used to develop strong risk management culture. This network could become the “glue” between the risk management team… Continue reading Practical ideas: CREATE A NETWORK OF “RISK-CHAMPIONS”
The risk governance model depends on the management and shareholders’ expectations as well as on the risk manager’s competencies and on the resources available for risk management implementation. The risk… Continue reading Practical ideas: Select the risk governance model that best suits the current risk maturity level
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
Most of the risk managers we have interviewed agreed that having a management level Risk Management Committee has a significant positive effect on the overall risk management culture. While the… Continue reading Practical ideas: Consider establishing a Risk Management Committee at the management level or extend the mandate of the existing management committee
(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) Most of the risk managers we have interviewed agreed that having a management level… Continue reading Are risk committees useful?