The Risk Culture Working Party focused on:
- how to achieve an accurate representation of ‘culture’
- how the culture of risk taking can be represented separately to the wider organisation
- the feasibility of assessing or measuring the culture of risk taking
- approaches to assessing and measuring
- assessment of the feasibility of changing the risk taking culture of an enterprise
- how to changing the culture of risk taking.
- 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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