Developing a framework for risk posture
An effective Risk Appetite Statement enables the Board to better understand risk and have a consistent view on how that risk should be managed. This provides management with better guidance and direction on how to manage, monitor and report on that risk.
Many Risk Appetite Statements are generic motherhood proclamations or a repetition of existing policies. This is of little value to the Board or to management.
This 90 minute workshop - run in conjunction with Blackhall & Pearl - will assist delegates to develop a sound framework for risk postures that allows for more effective monitoring, management and mitigation of risks.
Learning outcomes include:
- Understand how the Board can form a clear and consistent opinion on risk appetite through the development of a “risk posture” for each key risk.
- Demonstrate how management can establish measurable risk tolerance ranges and targets based on the risk posture to manage both upside and downside risks within acceptable limits.
- Demonstrate how management can formulate leading and predictive indicators for each risk to provide early warning signals to all stakeholders (including the Board).
- Illustrate a proven risk monitoring and reporting framework that enables the Board to receive both aggregated and escalated risk information from the organisation.
The program runs for 90 minutes from 3.00pm to 4.30pm with canapés and drinks served from 4.30pm to 5.00pm.
Who should register?
Trustee Directors, CEO’s, Executives, Risk Managers, Risk committee members