In each of our working and personal lives every moment matters. This applies just as much for risk moments as customer facing moments.
The practice of effective risk management requires the management team to take ownership for the risks of their business through an effective and efficient decision making process.
Leaders around the world and their people face the critical challenge that is managing risk to deliver business success. Yet, the concept of risk management has been presented in a complicated "framework-driven" way by risk professionals.
Risk appetite setting is a powerful tool to encourage the taking of risks across all parts of the organisation. The alternative approach to risk appetite setting is to not focus on the process but on the business engagement.