Key objectives: The scope of the working party in 2013 came under the following broad areas:
- How does a Risk function define its role?
- How large does a Risk function need to be?
- Optimal skills mix for a Risk function
- Accountability of a Risk function?
- Success and effectiveness of a Risk function? and
- Reward and remuneration
As there had been work in this area by the 'IRM', then it was decided to re-think the direction of the working party. Unfortunately, due to work pressures, momentum could not continue as hoped and so the Risk Management Research & Thought Leadership committee disbanded the working party.
- 9 November 2017
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The purpose of this research paper is to explore enterprise risk management lessons which can be learnt from the Covid-19 pandemic in preparation for potential future pandemics as well as other “gray rhino” or “black swan” events. This paper is not intended to be an all-encompassing solution to the issues presented by Covid-19; rather, the content has been provided to help drive discussions regarding how risk management processes may need to evolve in line with the dynamic nature of the underlying risks that they sometimes need to capture.
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