Risk Culture
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Risk culture could be described as the way management and everyone else in the organisation feel about risk. It sets the "tone" of the institution, and influences the risk-consciousness of its people as they go about their activities. Risk culture recognises that feelings, attitudes and perceptions about risk influence how it is managed.
Released by the Risk Management Association - August 2013
A company's risk culture guides its risk appetite. Both must be firmly in place. You know a company has an embedded risk culture when its attitudes toward risk management are evident in how it ... READ MORE
Few would argue the importance of culture to an organisation's enterprise-wide risk processes and compliance standards. Identifying what factors make an organisation's culture strong from a risk standpoint and how they can be aligned with risk and compliance initiatives can be challenging. Even more challenging is how companies can go about improving their risk culture and measuring progress over time ... READ MORE
Released by Deloitte - May 2013
Boards of Directors were previously only responsible for CEO level activities and decisions, but now their accountability is extended down to the threshold of material impact of the risk, regardless of the level. Risk now needs to be identified at the business process level were this material activity takes place ... READ MORE
Released by Logic Manager
For any risk management policy to succeed, an organisation's senior management plays a vital role. This short paper focuses on the role of the Board in the definition of an organisation's risk culture and explores the practical considerations ... READ MORE
Released by Active Risk Ltd - 2013