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On the one hand we see a bunch of organisations who are pursuing risk management because they have to: those that are quoted and are subject to regulation and guidance put out by the FRC and similar organisations around the world. The regulation is getting better and better, and in the case of the FRC is really pretty much world class in my mind.

But on the other hand there is an even more interesting bucnh of companies who are typically not subject to the same degree of regulation, who are picking up on risk management because it supports the development of long term sustainable organisations. Often in economies where the level of corporate regulation is weaker, but where there is an encouragement of long term sustainable organisations, where innovation is rewarded and the corporate’s place in society has to be earned. These organisations are embracing risk management which puts many from the former category to shame.

Here is a little snippet of video where I am talking about exactly this issue: http://risk.ybc.tv/ratwo/

Let me know what you think.

Richard

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