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Overview

An organization’s “risk culture” is the way in which its management and personnel collectively perceive and respond to risk. Any ERM (Enterprise Risk Management) efforts undertaken by an agency are inevitably subject to that agency’s risk culture; this means that a healthy, appropriate risk culture is essential to the overall success of an organization’s risk management process.

 

Characteristics of a healthy risk culture

Organizations with successful risk cultures do the following three things:

• Recognize the reality that risks exist and be willing to do something about those risks
• Seek out information about risk from all parts and levels of the enterprise and promote discussion about risk
• Design appropriate risk management policies and processes and hold personnel accountable for adhering to those policies and processes

 

Challenges to developing an effective risk culture

The inherent difficulty in shaping an organization’s culture often takes several years to achieve. The following two items present the greatest challenges to the development of an effective risk culture:

• Reaching a common viewpoint on risk at the management level and translating that into infrastructure and procedure at all lower levels of the organization
• Maintaining people’s focus and intensity with regard to risk management

Despite the challenges surrounding risk culture, it is worthwhile for organizations to put effort into ensuring that risk culture complements risk management processes. Management and personnel must understand and utilize the ERM process in place in order for it to yield valuable information to the organization.

 

Who Should Attend?

• Risk Management
• Department Heads
• Managers
• Supervisors
• HR Directors

Additional Information

• First time users for EIA TV please download the Instruction Guide for instructions on how to register!

• Upon log in, the webcast can be found either through the SPOTLIGHT section of the environment or via the SEARCH tool.

• Questions, please contact Ian Chadwick at ichadwick@csac-eia.org

Need More Info or Help?
We hope you can join us. Feel free to contact Ian Chadwick for more details.

Phone: 916-850-7300
Email: ichadwick@csac-eia.org