The value of risk management to the organisation
Most businesses, most boards, don’t spend a lot of time thinking about uncertainty. In fact, they are terrified of doing so.
The quote is from a good article in Strategic Risk Global about the value of risk management and why many risk managers can’t seem to make a difference in the perception of what they do for the organisation.
[T]o create a more effective relationship between the risk function and the board, risk managers must stand up and show their bosses that they are not mere insurance buyers, as some senior leaders perceive them to be.