Introducing risk culture to the board: turning theory into practice
The head of risk at a large not-for-profit insurance and employee benefits provider explains how the organisation introduced risk culture to the board by adapting IRM materials.
There are lots of helpful risk management guides produced by organisations such as the Institute of Risk Management (IRM) and the Financial Stability Board (FSB). But risk managers need to be able to adapt these to use them successfully within their organisations. This case study shows how one CRO used the materials available to him and adopted a survey-led approach to engage the board with risk management and start introducing risk culture.
This paper was taken from Risk Leadership Network’s Intelligence platform – the network's searchable database of peer-contributed case studies, tools and templates.