Enterprise Compliance Today

Why is it so hard to integrate risk appetite in an organisation?

Posted by Greg Carroll on Thu, Mar 19, 2015 @ 12:23 PM

Risk Appetite is such a simple concept that everyone thinks they know but invariably misunderstand. COSO and other regulatory requirements for boards to issue a Risk Appetite Statement has led to a belief a business has an overarching level of risk tolerance. Personally I don’t believe these Risk Appetite Statements add any value but regulators are regulators.

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Tags: corporate governance, risk management, risk culture, decision making, risk tolerance

Axe archaic attitudes on Risk Appetite!

Posted by Greg Carroll on Fri, Oct 17, 2014 @ 11:00 AM

We need to discard the continuing archaic attitude to Risk Appetite as a compliance policing action and develop it as a tool of improving management and system performance.  In the brave new world of the 21st century volatile business environment not only are the goal posts moving, but the ground is moving under our feet.

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Tags: corporate governance, risk management, risk culture, decision making, risk tolerance