People often ask me what I think is the single most important outcome of risk management. At the end of the day is has to be the ability of risk managers (which can include plenty of people who are not formally risk managers) to be the disruptive intelligence that pierces perfect place arrogance. In other words, can you speak truth to management? Could you be the little boy in the story of the emperor’s new clothes? Could you burst the bubble – not gratuitously, but simply because you can see alternative perspectives. In some senses, the GFC (Global Financial Crisis) was caused by the ultimate failure of anyone, but anyone to be the disruptive intelligence that pierced the perfect place arrogance inside those organisations. Anyway, have a look at this video, and let me know what you think: video.
If you are interested in hearing more about my thoughts on perfect place arrogance, why don’t you come to one of the Risk Reimagined events. For more information go to the website: here.