The setting of an organization's risk appetite is a critical component of a robust risk management framework.
In order to deliver value, risk appetite should not be considered as a standalone concept. It should be an integral part of the Enterprise Risk Management (ERM) framework and a key part in the wider management framework. It should influence culture and decision making and empower the organization to take the right amount of risk to achieve the right level of outcomes.
Download our comprehensive guide to learn how you can use risk appetite to influence culture and decision making and empower your organization to take the right amount of risk to achieve the right level of outcomes.