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Talk to us today about how we can give you a meaningful view of your organisation’s risk culture.
New employee insights: Only 46% of employees feel inspired by their organisation's vision.
Here are 7 ways to bring your vision to lifeSafeguard your organisation with appropriate and meaningful monitoring of risk culture through our accountability frameworks.
You can’t regulate for culture. Regulators acknowledge this, however, increased regulation seeks to address perceived culture and accountability gaps that have hurt public trust in financial services, governments and large corporates and brought issues around social licence, operating models, incentives and remuneration, to the fore. Boards and Executives need meaningful methods to measure their risk culture and demonstrate how they will influence and shape it, including through appropriate and robust accountability frameworks.
Our team have years of experience designing, implementing and managing tailored solutions that provide meaningful qualitative and quantitative measurement of an organisation’s risk culture. Incorporating both hard and soft data points, these approaches go beyond simple models that contain mixed assumptions, biases, and insights. By utilising our proven methodologies APRA regulated entities can demonstrate how they meet the Risk Culture requirements of CPS220 – Risk Management, and all organisations can demonstrate how they are measuring and monitoring their risk culture to help achieve expected levels of conduct and business performance.
Accountability frameworks are a key part of any cultural construct, and our approach here helps organisations document and then demonstrate, in a holistic enterprise-wide way, who is accountable for the most important decisions in your organisation, how they are accountable, and the often unrealised level of overlap, reliance, and complexity that exists across functions, levels and geographies that slows down effective decision making. As complexity and change accelerates, discover, for example, who you rely on to make the top 100 decisions in your organisation and identify opportunities to become more robust, yet flexible and responsive, in your market.
Our team can help you:
Whichever service or support we deliver, we will provide you with a report that presents a meaningful view of your organisation’s risk culture and the measures required to safeguard your business. The report includes:
Talk to us today about how we can give you a meaningful view of your organisation’s risk culture.
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