Leveraging company culture and continuous improvement to influence risk appetite and drive a more mature organisation through improved decision making and driving value through the achievement of business objectives..
This session will elaborate on how to define a risk appetite framework which is fit for the sophistication, industry and culture of an organisation. It will elaborate on the interdependence between Risk Maturity, Appetite and Materiality and how the three can be integrated, within the governance and business practices, to drive a culture of continuous improvement.
By the end of the session, you will be able to:
- Identify the key requirements for developing an effective risk appetite statement.
- Explain the interplay of risk appetite, risk maturity, risk materiality, the contributing factors and considerations to define an appropriate risk approach to the sophistication of an organisation.
- Recognise the alignment of risk appetite, materiality and maturity to the business decision making criteria.
- Assess risk and maturity models as a continuous improvement drivers
Speakers
- George Simpson, Arthur D. Little
- Tom Teixeira, Arthur D. Little
Grouping title:
fastTrack