📢 Six key ingredients to unlocking Effective Risk Management

Although one can argue there are many more - in my experience, these six things go a long way in achieving your goals.

🔔 Emerging & Escalating Risk: Managing existing risk is important, but do not forget about identifying and taking action on emerging and escalating risks.

🔔 Robust Risk Culture: Nurture and put a dedicated focus on improving your organisation’s risk culture. This will help you a long way in identifying and managing risks.

🔔 Aligning Risk & Strategy: Ensure your risk framework seamlessly integrates with your organisational goals. Is your risk strategy supporting the business achieve its growth ambitions? If not, you are probably rowing in the wrong direction.

🔔 Implementing GRC Tools: Streamline risk management processes with cutting-edge Governance, Risk, and Compliance tools. GRC Tools have come a long way! Implement a tool that can bring your risk, compliance, business resilience, crisis management, and assurance world together.

🔔 Improving Risk Awareness & Influence: Help your business improve its risk skills by working with your central people and communications team. Integrated training beats silos for better business results.

🔔 Simplifying Complexity: Break down barriers by making risk concepts and processes simple and accessible to all stakeholders. Simplify risk language to ensure everyone understands its importance. Dedicate efforts to making risk concepts accessible across the entire business, including in your reporting to A&RC and the Board.