Building an Organizational Risk Management Culture

A company’s risk culture is a critical element that can ensure that “doing the right thing” wins over “doing whatever it takes.” Although risk culture has become a fundamental building block of good ERM practices, many companies show evidence of deficiencies in this area. This webinar demonstrates the steps of building an effective organizational risk management culture. The first step in the risk management process is to acknowledge the reality of risk.  Denial is a common tactic that substitutes deliberate ignorance for thoughtful planning. The organization should plan the work ahead by following several actions such as: determining risk appetite, developing risk language, implementing organizational structure, calculating inherent risk etc.

 

Main points covered:

Presenter:

This webinar was presented by Bogdan Dragomir, a COO at Vernance LLC. He is an expert in the area of Risk Management, Integrated Compliance, Secure Architecture Design and Analysis, Incident Management, Security Assessment and Auditing.

 

Date: April 28, 2016

 

Organizer: Alba Keqa

Building an Organizational Risk Management Culture from PECB