A recent survey of 500 global board members by EY revealed that risk management today is not always aligned with business strategy and is too entrenched in the here and now – revealing just how little value is placed on risk management’s role in setting of company strategy.
Today’s commercial and economic environment demands that boards step up their game with an intense focus on risk management. Boards have the capacity to reframe their organisation’s approach to risk management, yet all too often board members focus on setting the big picture strategy, with risk and compliance working at a purely operational level.
So how can a risk professional help the board see the value of risk management; from a department of “no” to a department of growth?
Watch our on-demand roundtable with David Turner, Chief Executive Officer at RiskNZ, Regan Smith, Risk Manager at Hastings District Council, Karen Camron, GM of Safety and Business Risk at Main Power NZ, and Dean Rogers, Regional Sales Manager at Camms, as they discuss creating a blueprint for risk managers in New Zealand to educate their Boards on the value of risk. Learn why many organisations still don’t integrate risk & strategy, the benefits of adopting an integrated approach to risk management and gather insight on how to build a successful GRC function.
General Manager | Main Power New Zealand
Risk ownership must sit with the decision makers and the purse string holders. This is just one of the essential ingredients that Karen Cameron promotes when she is helping businesses build and strengthen their risk framework. Providing Boards and Executives with “the perfect measurement” of information is key to bringing them on the risk journey.
Karen has over 25 years’ experience managing risk in Major Hazard environments both in NZ and Australia primarily in explosives, manufacturing and the Utilities sectors (gas, water and electricity).