Establishing a Risk Appetite Framework for Corporates
Hans-Kristian Bryn
35 years: Strategic risk management and governance
An organisation's risk appetite is determined by its objectives, balance sheet strength, and the sorts of risks it faces, each company's risk appetite is distinct, and there is no one-size-fits-all solution. In this video, Hans explains how we can arrive at a risk appetite statement, how to use it to generate value, as well as the role of the Board in the process.
An organisation's risk appetite is determined by its objectives, balance sheet strength, and the sorts of risks it faces, each company's risk appetite is distinct, and there is no one-size-fits-all solution. In this video, Hans explains how we can arrive at a risk appetite statement, how to use it to generate value, as well as the role of the Board in the process.
Establishing a Risk Appetite Framework for Corporates
13 mins 54 secs
Risk appetite is both a management and governance tool that allows businesses to make risk-return trade-offs in a controlled and transparent manner. Despite this, in many organisations it is only seen as a risk limitation or risk reduction measure. However, a well-crafted risk appetite framework should also encourage risk taking if the risk appetite is underutilised or opportunities with the right risk-return balance are presented.
Key learning objectives:
What is risk appetite?
How do we arrive at an agreed risk appetite statement?
How can risk appetite add value to the organisation?
Hans-Kristian Bryn
Related videos
The Importance of Storytelling in Leadership
In the first video to this new series on Leadership, Mandy highlights the importance of storytelling as one of the most powerful means that leaders have to influence, teach, and inspire, and discusses why it is so effective for learning.
Mandy Hickson • 02:58
Decision Making Under Pressure
In the second video to this series on Leadership, Mandy shares a story from when she led her first ever combat mission over Iraq, having to make quick and sharp decisions under intense pressure. Here she explains one of the most valuable lessons about leadership - The importance of empowering those around you.
Mandy Hickson • 10:11
Enhancing Team Performance through Debriefing
In this video, Mandy talks about the 3 key areas leaders should focus on to build a world class team. She talks about how performance quality is defined by the execution of a well thought out plan. And then goes on to explain how performance and planning must constantly be reviewed in a debrief to achieve optimal results.
Mandy Hickson • 11:03
The Trust Equation in High Performing Teams
Mandy delves into the essence of trust and why it is integral to a successful team. By breaking down the ‘Trust Equation’ into points, Mandy illustrates how each of them contribute to high performance and a highly functioning team that can execute effectively.
Mandy Hickson • 10:02
Error Management II
In this video, Mandy continues to unravel how to manage errors in the workplace. She talks about how vital it is to own errors and references the factors that may prevent people from owning up. The importance of adequate investigation into why errors are made is one of the key takeaways.
Mandy Hickson • 06:15
