Risk management is finally coming of age as boards focus increasingly on strategic risk. In part driven by the FRC’s guidance for directors, and in part driven by sheer common sense, directors are looking more at their strategic risks and less at some of the operational risks. This is not to say that OpRisk is not important: it is. But long term sustainability is more likely to be driven by managing the strategic risks that are the basis of creating and protecting long term value. In this short video, Richard Anderson looks at the importance of strategic risk: http://risk.ybc.tv/rarisk/
This is just one of the many subjects that will be on the agenda for Risk Reimagined (click here for more information).