Risk Governance

For the board, audit committee or the risk committee to look at how effectively it is overseeing the taking and management of risk.

Building the risk picture

• Evaluating risk in our decision-making
• Setting the appetite
• Debating the risks
• Challenging assumptions
• Avoiding a risk attitude vacuum
• Factoring in culture and behaviour
• Getting a clear risk picture
• Understanding possible scenarios
• Knowing our organisational risks
• Stepping outside the typical analysis
• Not forgetting the basics

Organising risk oversight

• Understanding how risks are identified
• Building a picture of controls
• Making sure we oversee the right things  
• Knowing that things are under control