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.