Make sure your boss gets the message
Reporting risk to the board has never been more challenging. Companies and their executives are judged not only on what they do, but who they are. Access to information and oversight are a director’s fiduciary responsibility, and boards are more concerned with risk than ever before.
In this issue of The Knowledge, the insight supplement that surveys Asia-Pacific risk managers, StrategicRISK asks how the profession can hammer home its messages effectively
On page 14 you will find my 8 tips to give boards the confidence that risk management is transparent and thorough.
In this issue we also look at:
- How do companies evaluate the effectiveness of their risk management programmes?
- How effectively is the risk function integrated with other business units?
- Should risk have a seat at the boardroom table?
- How technology can help risk managers do their job better
- An interview with Telstra chief risk officer Kate Hughes
- Top tips for reporting to the board
- Using data effectively
Click here to view the digital issue of The Knowledge Reporting Risk, or download the PDF here.
Many thanks to the team at StrategicRisk for the opportunity.
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If you are interested in more effectively reporting to your Board, using the Reputation Institute's RepTrak model to benchmark your reputation, or developing your reputation risk management, digital, communications or responsible investment strategies, do connect with us at RL Expert Group.
For more on this topic, check out my other recent LinkedIn Influencer posts on the Reputation Risk Management agenda:
- Most risk managers don't understand reputation risk
- Can you explain in one minute?
- Financials hidden in plain sight - Ask "Why?"
- 5 steps to take if your supply chain is morally corrupt
- Getting boards into reputation risk management
- Carmakers python - a matter of outrage and trust
- Social License to Operate Risks Matter in Mining
- Facts Everyone Should Know about Child Labor
- Reputation Risk in Banking
- Addressing McDonald's $39B Reputation Risk Challenge
- Challenges for CxO's with APAC's top 10 Risks
- Reinventing Risk for an Asian Century
- New weapon of choice for complex global supply chains?
- 5 steps for effective due diligence in Asia
#bigidea
About Leesa Soulodre:
Managing Partner and Director of RL Expert Group, an international reputation risk management think tank and consulting practice and Asia Associate of the Reputation Institute. An Innovation Advisor to the European Commission and to the University of Illinois Urbana Champaign Advanced Digital Science Centre, Singapore. Board Advisor to Belgian PR Software firm, Prezly, Korean Fashion Analytics firm FashionMatch, and the US Sports Analytics firm, Autoscout.
As a serial en/intrepreneur, Leesa has worked for 20 years on the cutting edge of strategy, communications, technology, cyber security and risk consulting. She has advised more than 400+ multinationals and their start-ups in 19 sectors across Europe, Asia Pacific and the Americas. She has led companies with turnovers from $4M to $14B USD into new markets and has shared the exhilaration of one IPO, numerous exits and the hard knocks of lessons learned.
Connect: Leesa Soulodre, Managing Partner RL Expert Group