{"id":602,"date":"2019-04-12T05:39:08","date_gmt":"2019-04-12T05:39:08","guid":{"rendered":"http:\/\/www.goatrisk.com\/?p=602"},"modified":"2021-01-01T11:20:02","modified_gmt":"2021-01-01T11:20:02","slug":"why-is-risk-management-struggling-to-influence-in-the-boardroom","status":"publish","type":"post","link":"https:\/\/staging3.zealousys.com\/goatrisk\/why-is-risk-management-struggling-to-influence-in-the-boardroom\/","title":{"rendered":"Why is risk management struggling to influence in the boardroom?"},"content":{"rendered":"

\"\"<\/p>\n

Is it because the highly paid and experienced Boards or Senior Executives running major businesses in a turbulent and competitive environment ignorant to risks?\u00a0 Or is it possible, the risk profession trying to influence decision making using fingers in the air risk assessment techniques, the ones that are getting it wrong?<\/p>\n

If risk management is about decision making, how can we expect senior stakeholders to take decisions when presented with nothing more than anecdotes and subjective assessments?\u00a0 Quantitative approaches using black box techniques to quantify risks including intangibles like reputation, customer service or cyber damage isn\u2019t much better.<\/p>\n

Simplicity, trust and pragmatism is what is needed.\u00a0 Leaders need to make decisions and can cope with uncertainty, they simply need to understand the situational narrative and see as much trusted data as we\u2019ve got.\u00a0 The subjective risk assessments are simply a quick prioritisation exercise so we know we\u2019re talking about the right topics, it\u2019s still necessary but not the main event.<\/p>\n

The GOAT Toolkit\u2122 in an e-learning course with useful downloadable slides, tools and templates that will empower learners to build on existing knowledge and evolve common risk practices into a data-led risk management programme and unlock the Boardroom.<\/p>\n

See course details at: https:\/\/staging3.zealousys.com\/goatrisk\/rm-toolkit\/<\/a>, LinkedIn users can get a 10% discount by using voucher code LINKEDIN10<\/p>\n","protected":false},"excerpt":{"rendered":"

Is it because the highly paid and experienced Boards or Senior Executives running major businesses in a turbulent and competitive environment ignorant to risks?\u00a0 Or is it possible, the risk…<\/p>\n","protected":false},"author":1,"featured_media":607,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[22,15,23,24,17,20,18,19,21,12,14,16],"class_list":["post-602","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-danny-wong","tag-erm","tag-goat","tag-goat-risk-solutions","tag-key-risk-indicators","tag-kpis","tag-kri","tag-kris","tag-quantitative-risk-management","tag-risk-management","tag-risk-maturity","tag-risk-training"],"yoast_head":"\nWhy is risk management struggling to influence in the boardroom? | GOAT Risk Solutions<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/staging3.zealousys.com\/goatrisk\/why-is-risk-management-struggling-to-influence-in-the-boardroom\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why is risk management struggling to influence in the boardroom?\" \/>\n<meta property=\"og:description\" content=\"Is it because the highly paid and experienced Boards or Senior Executives running major businesses in a turbulent and competitive environment ignorant to risks?\u00a0 Or is it possible, the risk...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/staging3.zealousys.com\/goatrisk\/why-is-risk-management-struggling-to-influence-in-the-boardroom\/\" \/>\n<meta property=\"og:site_name\" content=\"GOAT Risk Solutions\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-12T05:39:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-01-01T11:20:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/staging3.zealousys.com\/wp-content\/uploads\/2019\/04\/why-risk-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1117\" \/>\n\t<meta property=\"og:image:height\" content=\"487\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/staging3.zealousys.com\/goatrisk\/#organization\",\"name\":\"GOAT Risk Solutions\",\"url\":\"https:\/\/staging3.zealousys.com\/goatrisk\/\",\"sameAs\":[\"https:\/\/www.linkedin.com\/company\/18949403\",\"https:\/\/www.youtube.com\/channel\/UCLAlQ30CBAuRRexoAdsyvDg\"],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/staging3.zealousys.com\/goatrisk\/#logo\",\"inLanguage\":\"en-GB\",\"url\":\"\/wp-content\/uploads\/2021\/07\/Goat-Logo_White-on-Red-Elongated_CMYK.png\",\"contentUrl\":\"\/wp-content\/uploads\/2021\/07\/Goat-Logo_White-on-Red-Elongated_CMYK.png\",\"width\":3601,\"height\":4287,\"caption\":\"GOAT Risk Solutions\"},\"image\":{\"@id\":\"https:\/\/staging3.zealousys.com\/goatrisk\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/staging3.zealousys.com\/goatrisk\/#website\",\"url\":\"https:\/\/staging3.zealousys.com\/goatrisk\/\",\"name\":\"GOAT Risk Solutions\",\"description\":\"Easy to use, low cost risk management software\",\"publisher\":{\"@id\":\"https:\/\/staging3.zealousys.com\/goatrisk\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/staging3.zealousys.com\/goatrisk\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/staging3.zealousys.com\/goatrisk\/why-is-risk-management-struggling-to-influence-in-the-boardroom\/#primaryimage\",\"inLanguage\":\"en-GB\",\"url\":\"https:\/\/staging3.zealousys.com\/goatrisk\/wp-content\/uploads\/2019\/04\/why-risk-1.jpg\",\"contentUrl\":\"https:\/\/staging3.zealousys.com\/goatrisk\/wp-content\/uploads\/2019\/04\/why-risk-1.jpg\",\"width\":1117,\"height\":487},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/staging3.zealousys.com\/goatrisk\/why-is-risk-management-struggling-to-influence-in-the-boardroom\/#webpage\",\"url\":\"https:\/\/staging3.zealousys.com\/goatrisk\/why-is-risk-management-struggling-to-influence-in-the-boardroom\/\",\"name\":\"Why is risk management struggling to influence in the boardroom? 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