Tuesday, 14 June 2011

Risk Mapping - Like reverse stress testing, but less of a mouthful...

Nice piece from an heavyweight board member stateside on how the risk agenda at boards is increasingly diverted onto ticklists of things done, rather than the future risks that would materially affect the organisation.

This is very much in the vein of the Reverse Stress testing in the UK, and he has a lot of good things to say in this article, in particular about creating a risk mapping advisory committee (which I read as Reverse Stress Test committee) which includes members from outside the executive, and even the organisation itself.

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