How big is your appetite (for making a difficult decision)?
Wednesday, Dec 02, UTC 12:00 to 12:55
|Aligning organisations on “how much risk is too much risk” is key to rapid and robust decision making, especially in times of stress. This is often addressed through regulation as “risk appetite and tolerance”…. But what does this actually mean? More than that – does it even work, especially when the context in which you are trying to work keeps changing?|
Learn how the most successful organisations proactively and dynamically measure the tipping point beyond which they do not want their risks to go. Often these decisions are incredibly difficult and no answer is the right answer. This interactive session will not only explore a range of case studies from the world of business for best practice risk appetite setting, but also test your own tool to take away and apply to your own organisation. Case studies include: Responsible sourcing of cobalt; “zero tolerance” = safety; when to go back to the office.
Bring your teams and your ideas, and prepare to walk away with truly useful tools to help your team make aligned decisions especially when risks reach their tipping point.
This interactive session will commence with a series of short, sharp, informative case studies of how risk appetite and tolerance has been utilised in a range of different sectors, from charities to sport, mining, banking and governments. We will then transition into an interactive exercise through which all participants are taught how to establish their own risk appetite, thereby giving them the technique to be able to utilise in their own organisation.