We mention these risk with the help of business coaching services below to complete the coverage that you might need at board levels, but note that these risk services are provided by third parties (as below) and not provided by International Business Mentors.
Would your board, independent and non-executive directors, risk audit committees like to have:
Effective Risk Management is central to maintaining and improving competitive advantage, and “Change is the law of life.
“Those who look only to the past or the present are certain to miss the future.” John F. Kennedy.
Understanding risks in today’s rapidly changing global competitive market place is fundamental.
We take a holistic approach to risk management and show intangibles measurable and establish key performance indicators (KPI’s) for risks to be managed.
Managing and sharing knowledge about known risks is the key start point in assessing risk and the potential impact on the business Category
We focus our efforts on identifying, assessing and the how to control risks.
We help you develop a risk strategy based on principles of risk management, with the aim in achieving effective ‘transparency’ in risk management for the board.
This transparency will help alignment of your strategy; processes, competency, technology and knowledge and the consequent change in behaviour in your organisation, which helps to ensure that you can embed the principles of risk management into all risk producing areas of the business:
To ensure your people can effectively forestalling the legal liabilities and damage to the business transparency is critical to establish clearly defined level of competence at which risk management decision are made for every level in our organisations.
Risk competent people then establish the acceptable levels of risk in each area
For the As Low As Reasonably Practical (ALARP) levels of risk to be implement we design and implement a new system of measurement. This new system of measurement ensures the alignment of your strategy; processes, competency, infrastructure and technology (including hardware or software or people-ware), and knowledge meets customer demands at our agreed level of risk, which we can insure with confidence.
Continuous risk review will lead to changes in your risk index and improve the risk management of the business.
Transparency is the process to establish the relationships of risks within ‘systems’ making visible how all components work together for the life cycle and facilitates the standardisation of processes in managing overall risk.
To achieve transparency required the developed of specific approaches which suit your particular business.
It is the lack of transparency in the life cycle phases of specification, projects, operation, maintenance, and dismantling where the uncertainties of the future remain hidden and elusive until it is too late for people (Operators, Maintenance, and Contractors) to forestall the law of unintended consequences and for which the Board, and the Executive have to provide answers and pay for the consequences.
Transparency also affects the behaviour of people in managing their allocated level of risk throughout the organisation, which consequently affects the bottom line performance and Shareholder value.
Transparency is the cornerstone in establishing risk performance needs, levels, targets and building new knowledge in mitigating risks, and aids in achieving informed decision-making with higher levels of competence in managing risks.
For further discussion please contact us:
Risk Chairman, David Cartney