Home > Risk > Are you interested in a conversation about risk?

Are you interested in a conversation about risk?

Richard Anderson is one of the more prominent global leaders in risk management. Until recently the chairman of the Institute of Risk Management (IRM) and still a director of that professional association, Richard previously led the risk management practices at several firms including PwC.

Among the thought leadership papers where Richard led development are the IRM’s two papers (one for boards and one for practitioners) on risk appetite and tolerance.

I am working with Richard to see if there is interest in spending a day with him (possibly the two of us) in November, 2015 and/or February, 2016. Attendance would be limited so we can have a discussion rather than lecture.

Topics will probably include:

  • Why do we engage with risk? What is it that makes us humans interested in risk, and why do so many of us take different views of exactly the same risks?
  • How do we balance our inherent risk aversion with our inherent need to take risks? And what about the incentives and the ethical demands placed on us – how do they impact our risk taking?
  • What makes companies engage with risk better? Carrot or stick? Long-term sustainability or short-term regulatory compliance?
  • What is the difference between the “risk” culture and the organizational culture? And how are we going to analyze it?
  • What is risk appetite? A useful concept or an overly complicated piece of mumbo jumbo?
  • Whose views matter on a risk? Yours? Your Customers? Your colleagues?
  • Where is the weakest link in your risk management? Inside the company? Or amongst your suppliers? Or your outsource providers?
  • Do you REALLY care about the three lines of defense? Have you reviewed your second line? And what do the first and third lines know about it?
  • What should the board be thinking about when they are discussing risk?

If this is of interest to you, please let me know in the comments. Please include any preference for location.

  1. Brian
    June 19, 2015 at 7:30 AM

    I think it’s a great idea and see our organization benefitting from this. Thanks for suggesting…

    • Norman Marks
      June 19, 2015 at 7:32 AM

      Brian, do you have a preferred location?

  2. Darren Munday
    June 19, 2015 at 7:51 AM

    Great idea – London location. I would also add “how do we help CROs get engaged in the strategy development and execution within their firms”

  3. Noel Shippey
    June 19, 2015 at 8:03 AM

    Great conversation. What would be the target audience for the discussion and would this include decision makers and persons actively engaged in assessing and managing risk?

    • Norman Marks
      June 19, 2015 at 8:16 AM

      Noel, I think all should be welcome.

  4. June 19, 2015 at 9:21 AM

    Norman, this looks like an excellent idea with some good questions. I think I’ve been retired for too many years to justify a place at the forum but would be interested in reading about your conclusions.In the meantime I will give some thought to the answers and further questions.

  5. Maxim Atanassov
    June 19, 2015 at 11:53 AM

    Great idea. I would be interested.

    • Norman Marks
      June 20, 2015 at 6:27 AM

      Maxim, do you have a preferred location?

  6. Angelina Chin
    June 19, 2015 at 11:53 AM

    Norman, I would be interested. However I have some pending international traveling plans; I will try to work around. Location: Orlando (schedule it before/after IIA Mid-Year Meeting; quite a few participants will be attending that meeting), Chicago, San Francisco, Los Angeles.

  7. Tom
    June 19, 2015 at 9:25 PM

    Hi Norman – would be a wonderful event but alas the travel budget from the Antipodeans wont allow it🙂 Any chance that you could periscope or meerkat it? Tom

    • Norman Marks
      June 20, 2015 at 6:27 AM

      Tom, perhaps in December or January – if enough people were interested.

  8. Regina Karauri
    June 20, 2015 at 6:30 AM

    Norman, I would really be interested. Especially in the area of effective coordination of the three lines of defense and the risk appetiteI suggest you consider Nairobi, Kenya for location preferably February. Perhaps I am being a bit selfish here but then, what is the risk? Most of us CAEs, CRCs, in Africa would be able to participate, and rest can site see and enjoy a bit of Kenya as they participate.

  9. Belinda Oldfield
    June 20, 2015 at 10:51 AM

    Norman I would be very keen to be part of the conversation particularly on risk appetite, risk and organisational culture and what the Board should be talking about. Preferred location London. Thanks for suggesting, Belinda

  10. Ariane Wolounwo
    June 20, 2015 at 11:22 AM

    It seems very interesting, great idea.
    Paris location for me.

  11. DavidJ
    June 20, 2015 at 11:42 PM

    A great set of questions for discussion.
    I don’t have an international travel budget so would suggest Sydney, Australia.
    Maybe we could also discuss these topics through this forum to seed ideas for the planned discussion group.

  12. Bob Semple
    June 21, 2015 at 12:00 PM

    Definitely interested. London would be great.
    Could I suggest an advance online collaboration to stimulate thinking (we could also use this in the face-to-face meeting). I regularly use a special tool for this sort of exchange and would be delighted to make it available to the group.

  13. Dina
    June 21, 2015 at 12:19 PM

    This is an excellent idea, Norman. I would be very interested in joining a discussion in London.

  14. June 22, 2015 at 12:42 AM

    Thanks Norman, yes. Richard and I have shared some ideas in the past so I’d be interested. Topics of interest for me include risk appetite and linking risk, strategy and enhanced performance. Peadar

    • Norman Marks
      June 22, 2015 at 6:35 AM

      Which location would you prefer?

  15. June 22, 2015 at 11:23 AM

    Hi Norman, I would love to participate. Your questions already made me think and come up with answers from my experiences as a consultant as well as my current risk management role. Location: London would be ok, but Amsterdam or Brussels would even be better.

  16. Phil Gerrard
    June 23, 2015 at 3:16 AM

    I would be very keen to participate, having discussed some of these topics with Richard n the past, and recognising many still remain matters of debate within our organisation today. London would be my preferred choice.

  17. Mikhail Fedorov
    June 26, 2015 at 10:47 AM

    Could be interesting

    • Norman Marks
      June 26, 2015 at 10:48 AM

      Mikhail, what is your preferred location?

      • Mikhail Fedorov
        June 26, 2015 at 10:50 AM

        Any location in Europe besides UK (need a visa)

  18. June 26, 2015 at 1:12 PM

    Could be interesting Amsterdam or Shanghai I prefer

  19. Jennifer Santiago
    June 26, 2015 at 2:33 PM

    I would be interested. New York~

  20. Hamed Fateminia
    June 26, 2015 at 10:24 PM

    great idea , I would be very interested in joining

    • Norman Marks
      June 27, 2015 at 6:34 AM

      Hamed, what is your preferred location?

  21. Nitin Patwardhan
    June 27, 2015 at 12:41 AM

    This will be a great opportunity to interact. London or Paris.

  22. June 27, 2015 at 2:50 PM

    Wonderful idea for a conversation and chance to connect – Washington, DC or New York!

  23. June 28, 2015 at 10:28 AM

    January or February in (warm) Orlando or other Florida location.

  24. June 28, 2015 at 2:00 PM

    hi,

    I’m interested and prefer London or Paris

    Henning

  25. Edwin van Tankeren
    June 28, 2015 at 11:39 PM

    I am interested,

    Location : Amsterdam or even Brussel

  26. Derek Foster
    June 29, 2015 at 3:44 AM

    Thank you for suggesting, Norman.
    I would be interested – preferred location, London.

  27. Claire Meehan
    June 29, 2015 at 9:55 AM

    Definitely intersted. Location – US – San Francisco, Chicago, NY, LA, Las Vegas.

  28. July 21, 2015 at 3:07 PM

    Count me in. Richard knows me well as I have helped IRM with their recent publications on the topic of Risk Culture and Extended Enterprise Risk Mgt. London/Paris/Amsterdam all work for me. Peter Neville Lewis – Principled Consulting. London.

  29. Wally Walter
    August 3, 2015 at 12:47 AM

    Me here – Dubai

  30. Emma
    September 28, 2015 at 11:34 AM

    Great idea – London please

  31. nickm
    August 26, 2016 at 2:28 AM

    Is it too late for me to attend?

    • Norman Marks
      August 26, 2016 at 6:38 AM

      Nick, sorry but yes. Too late

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