The changing risk landscape and risk agenda is constantly evolving and becoming more complex and remains the subject of much discussion and concern at board level.
Achieving resilience by mitigating uncertainty and managing the risks of what is now essentially one heavily interconnected and integrated world is a priority for all organisations. It is a priority not just because of the need to avert crisis but to ensure the opportunities for value creation are identified and leveraged.
What is becoming clear from the research undertaken and published by Airmic and other members of the Good Governance Forum is the need for a transformation in the risk function to match the transformation in the risks organisations are facing.
The Tomorrow Risk Leadership: delivering risk resilience and business performance guide, which was launched on 5 May 2015, draws on the previous research undertaken and also the experience of those who are actively leading an evolution of the risk function in their organisations.
This report is part of the Tomorrow’s Corporate Governance programme. It explores the case for a distinct and more specialist role within non-financial services to support the board in their risk leadership role, recognising there will be differences in how risk is managed and roles are structured across organisations and sectors.
A ‘tool-kit’ aimed at helping boards review the effectiveness of their current risk leadership and whether such a role may be needed will be included in the publication.
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