I have written before about my world lecture tour. I am delighted to say that I am making some great progress. The name has morphed from “Innovations in Risk” to “Risk Reimagined!” because that is what people will have to do if they truly want to make risk management work for their organisations.
First of all I am delighted to announce that Norman Marks will be joining me in hosting the conversations. I could not be more pleased! Anyone who knows Norman knows that he is knowledgeable, insightful and a pleasure to work with.
We have agreed that our first event will be on 10 November in Chicago. This will be at the Hilton Chicago, Magnificant Mile Suites. More details on how to book will be published shortly. Come back to this website and we will be posting a link – very soon!
So who should attend Risk Reimagined!?
- Those charged with governance in any organisation: if you have any governance responsibility at all in an organisation, whether as a director, trustee, governor or other board member, then risk management will be a critical element on your radar screen, and Risk Reimagined! will help you to move the debate in your organisation from compliance (with endless risk rules and boring spreadsheets) to performance based on better risk management.
- Those who manage risk management: if you are a CRO, a head of risk, or are simply charged with the risk management processes in your organisation, then Risk Reimagined! will help to open up a range of unsuspected vistas for further development and exploration so that risk management better supports the creation and protection of value.
- Those who audit risk management: if you are a Head of Internal Audit or are responsible for auditing risk management, then already you know how complicated risk management is and in particular how difficult it is to provide meaningful insights to the board: Risk Reimagined! will help you to do just that.
- Those who manage risk: if you are a director, member of the C-Suite or are simply a manager then you manage risk, just as you probably manage people and finances in your day-to-day responsibilities without necessarily being an expert in either: Risk Reimagined! will help you to take this part of your responsibilities to another level.
- Those who advise on risk management: if you are advising clients on risk management, wouldn’t you prefer to be on top of your game? Risk Reimagined! will help you to give better advice.
- Those who research risk management: if you are an academic and are actively researching and writing about risk management, then Risk Reimagined! will help you to ensure that you have considered many other parts of the risk management equation.
- Those who are simply interested in risk management: if you are simply interested in the subject, then Risk Reimagined! will provide you with lots of food for thought.
And that leads me on to my next comments: we are delighted that so far we have secured the backing of GRC Resolver as our Gold Sponsors. Other sponsors and supporters include RiskTV, the Institute of Risk Management and the Campbell Institute.
You might wonder what we will be talking about – our inital thoughts are as follows:
- What is risk anyway? Is it a periodic examination of what could go wrong, or is it more about dealing with the uncertainty between where we are and where we want to go? Is it something that we do to comply with regulations and codes, or is it about making informed decisions? Is it about helping an organization develop and execute on strategy?
- Who takes risk, and who should be responsible for deciding how much risk to take? Is the consideration of risk limited to what could derail our initiatives? Does it make sense to be “risk averse”? Where do reward and opportunity factor in? Is there such a thing as a single risk level?
- Why do so many of us take different views of exactly the same risks? How does an organization decide which view is “right”? Is one person’s risk another’s opportunity? What about when the actions of one impact the success of another? How does a senior executive or board member gauge the effect of risk on corporate objectives?
- What is the difference between the “risk” culture and the “organisational” culture? And how are we going to analyse it?
- What is risk appetite? Is it a useful concept or an overly complicated piece of mumbo jumbo? How can you help the board and top management set desired levels of risk and also help decision-makers take the right level of the right risks?
- Where is the weakest link in your management of risk? Inside the company? Or out amongst your suppliers? Or your outsource providers?
- Do you REALLY care about the three lines of defence? Have you reviewed your second line? And what do the first and third lines know about risk anyway?
- What should the board be thinking about when they are discussing risk? What should be reported to the board and senior management – and by whom?
- How does the board know that risk is being managed effectively?
But of course the conversation will flow like any conversation as we focus on the key interests of the participants in the meetings.
If Chicago is not convenient for you, but you would like to take part in Risk Reimagined! elsewhere, then let us know. We are already planning subsequent events in various cities around the world. We will publish our plans as they develop, and we will also respond to requests to add additional venues as needed. Just drop us a note below or through the contact page.
It is also worth noting that we can run bespoke Risk Reimagined! events for your organisation if you have enough people who would like to take part. This might work well for board awaydays, internal audit or risk management function events and similar activities. Drop us a note through the contact page if you are interested and we will discuss your requirements and produce a proposal for you.
But above all, both Norman and I are really excited about this venture and look forward to seeing many of you on 10 November 2015 in Chicago!