Risk exists everywhere – the problem is knowing what to focus on. ISO 31000 definition of risk as “the measure of uncertainty in a situation” hasn’t done a lot to clarify what corporate risk means for Directors providing “good corporate governance”.
In this article I address the challenge we face as Directors in dealing with the vast array of risk in a typical large organisation. I explain how to cut through the noise to ensure that corporate risk management actually protects and enhances the business, rather than obscuring critical reality in a fog of detail or a haze of misleading simplification. Continue reading
