Leadership and Management
Do senior management and the Executive Board support
and promote risk management?
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Summary of Behavioural Progress toward Leadership and
Management Maturity
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This section is concerned with:
- Risk judgements
- Clear direction
- Risk appetite
- Understanding of key risks
- Accountability and responsibility
- Driving improvement
- Challenge to levels of risk acceptance
- Stakeholder engagement
The questions in this section deal with:
- Information and decision making
- Education and reporting systems
- Accountability and management responsibility
- Leading risk management implementation
- Stakeholders' engagement
For this section, you should have evidence to demonstrate the
extent to which the leadership of the organisation:
- Uses risk management to develop effective policies at teh
policy making stage
- Uses risk management to achieve better outcomes
- Provides clear direction on the management of risk
- Enables unanimity on the key strategic risks
- Sets the criteria / arrangements for the organisation's
appetite for taking risks
- Encourages innovation through well managed risk taking
- Supports staff when things go wrong (ie. avoids blame
culture)
- Ensures clear accountability for managing risk
- Drives implementation of improvements in risk management
- Uses the principles of good governance to manage risks
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Copyright Alarm 2009