eight key success factors board directors risk management

Peter Deans, 52 Risks’ Creator & Founder, recently spoke to a directors’ networking group on risk management, from a board perspective.  Peter shared an infographic titled ‘Risk Management: 8 Key Success Factors’.

The infographic outlines the following key success features for effective risk management:

  • Board and executive ownership
  • Clear governance, frameworks and objectives
  • An established risk management rhythm and balance
  • Alignment of risk management objectives and remuneration
  • Full risk engagement in strategy and business planning
  • A well-funded and resourced risk management function
  • A willingness to learn from risk failures and mistakes
  • Strong risk management skills across the organization

You can download the infographic in pdf format here.