Risk Culture Series: Briefing 1—Be Brutally Honest: How Good Is Your Organization’s Risk Culture?

The Conference Board of Canada, 13 pages, July 22, 2013
Briefing
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The first of a series of three briefings, Be Brutally Honest: How Good Is Your Organization’s Risk Culture speaks to some leading factors contributing to a dysfunctional risk culture.

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Be Brutally Honest: How Good Is Your Organization’s Risk Culture? is the first briefing in a series of three briefings regarding risk culture. Be Brutally Honest speaks to some leading factors contributing to a dysfunctional risk culture—in other words, the “bad” components. The briefing also discusses some key points on how to assess your organization’s existing risk culture, and highlights some implications that should be considered prior to initiating any changes. A humorous excerpt from a popular movie illustrates risk management in the 1860s. And two case studies—the Penn State sexual abuse scandal, and two BP disasters—demonstrate how the pursuit of strategic objectives creates an environment that is corrosive to the development of a sound risk management culture.

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