Developing Your Risk Culture

Organisational failures are often due to culture, mindset, and behaviour rather than a lack of risk management processes.

Establishing a strong risk culture is essential for success and requires a coordinated, organisation-wide effort to embed and align this culture.

• Are our leaders supportive of the risk management process?
• Do our leaders encourage colleagues and stakeholders to engage meaningfully and constructively in risk conversations?
• Do our leaders set the right example for when it comes to risk and risk management?
• Do our leaders behave in a manner consistent with our stated values?
• Are suitable incentives in place to encourage and reward good risk-taking?

With regulators scrutinising risk culture, executives seek expert advisors to assess their organisation’s culture. We help clients understand the factors influencing risk-taking and integrate these insights into their risk management and organisational development objectives.