Providing risk management with a dedicated home at board level allows for the clearer oversight and accountability of management and processes. In turn, this ensures sound governance practices and a focus on transforming risk management into a centre of excellence.
The board of directors is where the risk “buck stops”. After all, this is the ultimate home of strategic direction. However, given the risk complexity facing most organisations, the competing priorities of modern boards (especially in public enterprises) and the reasonable time available to consider risk, it may be time to implement the right tools and processes.
Procensus provides the visibility required at board level to enact change and drive a risk resilience programme.