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How to conduct strategic risk reviews

​​Most directors and staff describe risk as something negative that happens to an organisation and, ultimately, something to both monitor and reduce.  However, this type of risk management process does not unlock the potential of risk, because monitoring and managing risk can only go so far. 

It’s important to shift the perception of risk from a negative compliance issue to a strategic opportunity for innovation and revenue generation.

This eBook from Steven Bowman at Conscious Governance outlines the roles and responsibilities of the Board, Risk Committee, and Senior Executives in the risk management process.

Key sections include:

  • Strategy, Innovation, and Risk: How to view risk as a potential strategic advantage rather than just a compliance issue. ​
  • The Role of the Board and Risk: How the Board sets the tone for risk management and the importance of a clear Risk Appetite Statement. ​
  • An Effective Strategic Risk Review Process: What are the responsibilities of the Board, Risk Committee, and Senior Executives in managing and reviewing risks? ​
  • Embedding Risk Management into Your Organisation: Provides recommendations for integrating risk management into the organisation's culture and processes. ​

The document also includes appendices with frameworks for governance risk management, the role of CEO/senior staff, and a stakeholder inclusion checklist. ​ 

Download the eBook today to start leveraging the power of risk reviews in  your organisation.

strategic risk review book

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