Risk Governance

Abstract

Given the range of challenges organizations confront, and number of actors on the stage, the solutions are unlikely to be simple and straightforward—rather, by definition, they will be complex and ambiguous. As it is clear that a meaningful approach to risk governance cannot be achieved in isolation, a diverse range of actors that an organization may not have been accustomed to including in the decision-making process should become part of that process. To have the best chance of success, agile risk managers and decision makers should strive to include representative members of civil society in the decision-making process, to ensure a broad range of opinion and obtain broadly based ‘buy-in’ to whatever decisions are arrived at. Doing so will encourage a more rigorous and thoughtful process.