Every individual brings their own personal predisposition to risk to work. These predispositions may influence their decisions and behaviours in the workplace, potentially causing inconsistencies, challenges and conflict.
Developing and clarifying an organisation’s risk appetite can create a framework which enables it to make more informed and consistent decisions throughout the management hierarchy. By defining its risk appetite, an organisation clearly sets out both optimal and acceptable positions in the pursuit of achieving its strategic objectives.
Carl will explore some of the steps required to develop organisational risk appetites, and the benefits of doing so.