Building risk culture when implementing risk management in business
C. Implementing risk management 2 is as much about culture as it is about process
It is important to make sure roles and responsibilities reflect risk-based decision making
C11. Update existing position descriptions to include responsibility for risk-based decision making, planning and performance management
C12. Update existing committee charters to include responsibility for risk-based decision making, planning and performance management
Most staff do not have risk management training and unable to adequately consider uncertainty when making decisions
C13. Provide risk-based thinking training to decision makers. I have numerous courses for that online and offline at the https://riskacademy.blog.
C14. Include risk management competencies into existing business training programs. Over the years I have discovered that it is actually much better to make every training course that HR department runs a little bit risk-based than do a standalone big risk training.
A series of workshops talk a lot more about what and how to train decision makers.
Need to establish clear communication channels
Here are some ideas:
C15. Set up and become a secretary for the Risk Committee
C16. Present risk related topics at every corporate speaking opportunity
C17. Include risk management topics on the meeting agendas
C18. Write risk management speeches for executives at every opportunity
C19. Participate in corporate events and run own risk competitions
It is important to provide transparency through disclosure as well
C20. Disclose information about risk-based decision making in the annual report
C21. Disclose information about risk-based decision making on the corporate intranet
C22. Disclose information about risk-based decision making on the corporate website
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