Effective risk reporting (40 mins)
Risk management processes are deployed in many different ways between companies. They all have to report to Management and the Board. Common for many of these reports is that focus on reporting on risks. However, executives and board members are not really they interested in risks - but are (and should be) focused on performance.
Effective risk reporting is NOT a matter of reporting on risks.
In this session Hans Læssøe will demonstrate and discuss how risks, levers and uncertainties can be embedded in performance metrics and pave the way to a risk adjusted performance reporting. Hans will even be using red/amber/green color coding - but will keep focus where it belongs, that is, on performance.
The approach can be used on individual decisions/project, strategies, budgets, investment portfolios and overall company performance alike. This is very useful as it will allow each manager to see different levels of reporting using the same approach and hence "keep the eye on the ball".
About The Speakers
Founder, AKTUS
Utilizing my experience and insights, AKTUS consulting focus on leveraging risk management and strategy processes to enhance organizational maneuverability and make this a competitive advantage for organizations. In a volatile world, management of risks needs to deliver more than being safe when the boat is rocking. Perservering requires intelligent risk taking ... having the ability and courage to be the one rocking the boat.