Risk is the hot topic for non-executive directors, but many boards fall short at defining their appetite for risk. Ruth Ireland takes a look at risk culture and the art of taking acceptable risks.
A colleague recently wrote an article on risk management and shellfish. Not things you would obviously link, but the mention of food started me thinking about a connection to risk management: risk appetite.
We recently surveyed a group of non-executives on risk management and noted that a significant proportion sat on boards that had not established their risk appetite; some weren’t even sure what "risk appetite" is.
Yet another buzzword bandied around by consultants and risk management professionals to create nervousness amongst board members
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Compliance with regulation and the law is an essential part of business, but a new report reveals that companies are aware of failings and that the appetite for abiding by the rules is surprisingly low.