Risk transformation can enable a company to elevate risk management from a functional capability to an enterprise responsibility that permeates the entire organization. When that happens, risk is no longer seen as the domain of only the risk management function. Instead, every business, function, and individual becomes accountable for and capable of addressing the risks within their purview. This enables the organization to more effectively implement strategies and achieve goals while addressing risks and complying with regulations.
This publication outlines challenges and methods of implementing transformation of strategic risk, and explores steps to elevate risk as a means of powering performance enterprise-wide. Learn more about: