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Culture more important than strategy when it comes to risk management

Culture is more important to your organizations' future success than your strategy, a keynote speaker said at the Institute of Risk Management’s recent Forum in Ashford, Kent, UK.

René Carayol MBE, in his keynote speech to almost 200 global risk professionals from various industries and sectors, claimed that it was cultural issues that caused problems at BP, the BBC and The News of the World, rather than any strategic decisions.

The leadership expert, who has worked with the likes of Bill Clinton and Kofi Annan, added that the proliferation of social media sites and instantaneous public feedback has made it all the more important for firms to implement the right culture, thereby protecting their brand and reputation.

www.theirm.org

•Date: 30th May 2013 • UK/World •Type: Article • Topic: Enterprise risk management

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