Posts by: "Richard Anderson"
  • Nov
    01

    Regulators talk culture

    “Culture is something I last heard about in a petri dish when I was studying O-level biology” I was once talking to the managing director of an insurance broking firm in London: “Culture” he said, “culture [and he really did repeat the word for emphasis] is something I last heard about in a petri dish when I was studying O-level biology.” Well I guess he has heard a lot, lot more about it since then. The Financial Conduct Authority (the “FCA”) “bang on” [...]
  • Oct
    22

    Risk Reimagined agenda – downloadable pdf

    We are pleased to make the agenda for Risk Reimagined! available as a downloadable pdf. Click on the link to download a copy. RiskReimaginedAgenda Any questions to either Richard or Norman here.
  • Oct
    21

    Risk Directors

    My motto: risk management should be the disruptive intelligence that pierces perfect-place arrogance The proliferation of non executive directors and the quantities of them has probably been one of the great advances in the way our companies operate over the last thirty years. It is now common for boards to appoint people with a wide range of professional disciplines as non-executive directors: accountants, marketeers, HR professionals. All of these are pretty much two-a-penny at non-executive level and can be found widely represented on the [...]
  • Oct
    19

    Part 5: Conclusions

    In this series of five articles, we have explored the importance of risk culture, distinguished the risk culture from the organisational culture, looked at the drivers for good and bad cultures, discussed the measurement of culture, looked at the symptoms of a sickly risk culture and now we are drawing some conclusions. Links to the other articles in the series can be found at the foot of this page. In this series of articles, I have looked at the background of 300 years of failure, the [...]
  • Oct
    19

    Part 4: Signs of problems

    In this series of five articles, we are exploring the importance of risk culture, distinguishing the risk culture from the organisational culture, looking at the drivers for good and bad cultures, discussing the measurement of culture, looking at the symptoms of a sickly risk culture and drawing some conclusions. Links to the other articles in the series can be found at the foot of this page. In part three of this series I looked at some of the issues associated with measuring your culture. In this [...]
  • Oct
    19

    Part 3: Measuring your culture

    In this series of five articles, we are exploring the importance of risk culture, distinguishing the risk culture from the organisational culture, looking at the drivers for good and bad cultures, discussing the measurement of culture, looking at the symptoms of a sickly risk culture and drawing some conclusions. Links to the other articles in the series can be found at the foot of this page. In Long Term versus Short Term I suggested that there were major drivers pushing organisations towards a short-termist view but [...]
  • Oct
    19

    Part 2: Long term versus short term

    In this series of five articles, we are exploring the importance of risk culture, distinguishing the risk culture from the organisational culture, looking at the drivers for good and bad cultures, discussing the measurement of culture, looking at the symptoms of a sickly risk culture and drawing some conclusions. Links to the other articles in the series can be found at the foot of this page. In 300 years of failure: organisational and risk cultures, I expressed the hope that risk culture (as distinct from organisational [...]
  • Oct
    19

    Part 1: 300 Years of Failure: Organisational and Risk Cultures

    In this series of five articles, we will explore the importance of risk culture, distinguish the risk culture from the organisational culture, look at the drivers for good and bad cultures, discuss the measurement of culture, look at the symptoms of a sickly risk culture and draw some conclusions. Links to the other articles in the series can be found at the foot of this page. Name a corporate crisis, any corporate crisis, any from that massive wall of shame that starts in the dim and [...]
  • Oct
    15

    Banking on a Risk Culture

    “For all the tin you have bought, for all the tricks of the trade, for all the steps you have taken, if you have “done” Cyber Risk without fixing the culture AND the risk culture, then you have not “done” Cyber Risk… Likewise Conduct Risk, or Credit Risk, or any other Risk… Get the culture AND the risk culture right, and only then can the rest come good.” Take a regulator – any regulator – and they will tell you precisely what interests [...]
  • Oct
    08

    LAUNCHED: Risk Reimagined!

    SAVE THE DATE: November 10, 2015 in Chicago     As trailed before on AndersonRisk, on November 10, Richard Anderson, the former Chairman of the Institute of Risk Management, and Norman Marks, the well-known risk management evangelist and author, are launching their series of Conversations in Risk under the banner of Risk Reimagined! These full day conversations will be an opportunity to listen to Richard and Norman: two of the most exciting innovators in risk management today sharing their thinking, their experiences and what they have learned [...]