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New guidance on risk culture

The Institute of Risk Management has issued two guidance documents on the subject of risk culture.

The root cause of corporate meltdown is increasingly identified as problems with risk culture. This has been recognised by the Institute of Risk Management (IRM) and consequently the organization has been looking at whether different aspects of risk culture make it harder or easier to manage risk and also what can be done to change the prevailing culture where necessary.

The IRM has now published two guidance documents which summarise the organization’s recent work in this area. These are:

  • A short guidance document aimed at boards who want to understand the issues surrounding risk culture within their organization, and
  • A detailed resource document for risk practitioners setting out the background research and some practical models, tools and techniques that can usefully be applied.

Copies of the board guidance can be downloaded from
http://theirm.org/RiskCulture.html

Copies of the Resources for Practitioners document are available to IRM members: www.theirm.org or can be purchased for £150: contact enquiries@theirm.org.

•Date: 16th Oct 2012 • UK/World •Type: Article • Topic: Enterprise risk management

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