Ten steps to strategic risk management
An effective response
- Must start at the top
- As a part of continuous improvement
The following 10 steps are recommended
- By authors: Allan, David & Godfrey (see Reference page 1)
1. Check the culture of communication
- An open culture of communication at the top
- Good two-way communication up and down
- Diversity of experience and perception in the team
- An open forum for debate
- Collective ownership of the strategic risk process