Our online Risk Culture Assessment puts the spotlight on culture in relation to the management of risk. This assessment will show you where the strengths and weaknesses are in your Risk Culture at all levels of your organisation and our recommendations for improvement.
Our research across 180 public and private sector organisations shows that where there is not a positive Risk Culture only 14% of executives say their organisation is effective in managing risk. Where there is a positive Risk Culture this jumps to 66%.
There are multiple examples of organisations with good risk management frameworks, policies and procedures that have suffered very serious losses of customers, reputation and assets. Most of these are caused by the lack of a strong Risk Culture.
To be confident that risk management is not just a compliance issue requires a culture in which thinking about managing risks is part of “how things get done around here”.