To improve public procurement – use the Trust Test
Public procurement is too often solely made on price, and not enough on true value and to account for areas...
By Ben Norris, London
Think tank Tomorrow’s Company, Good Governance Forum members and Airmic have called for organisations to consider appointing an executive risk leader because boards are failing to navigate today’s increasingly complex risk landscape.
The call for action is laid out in a new report entitled Tomorrow’s Risk Leadership: Delivering Risk Resilience And Business Performance, published this week.
At the report’s launch, a range of experts called on businesses to rethink risk leadership to enable organisations to meet the demands of today’s fast-paced, interconnected world and avoid future crises.
Risk leaders need to be able to draw knowledge from across an organisation and communicate at all levels, says the report. However, it makes no assumption about the background of the risk leader. They could come from the world of risk and insurance management or from other areas, it says.
Find the original article here.
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