RiskOnBoard is focused on resolving the risk conundrum for Boards, Directors and Executives. Our approach is pragmatic – the central issue for every board, and for every director and executive is the optimal allocation of the organization's scarce resources. To achieve your goals - that is the purpose of strategy and it always involves uncertainty. Organizational goals are achieved by taking risks - and can be missed when those risks are not managed appropriately. Risk on Board prepares directors and managers to handle the inevitable by helping them understand risks, analyze their effects, and implement risk management using risk intelligence.
Typical questions that RiskOnBoard addresses are:
- Does your organization have a comprehensive inventory of all the risks before it?
- What is risk tolerance of your organization - and is it clearly articulated?
- How is that tolerance reflected in the chosen strategies of the organization?
- What evidence does your organization have to support your belief that risk is under control?
- Does your organization have the capability to achieve its strategic plan and manage the inherent risks?
RiskOnBoard believes that fuzzy thinking about risk is hugely expensive. Investors react to fuzziness by asking for premium returns to offset the greater uncertainty. Privately held and public sector organizations can also find their funding and operating latitude constrained for the same reason. RiskOnBoard employs clarity and focus to identify priorities, build risk resiliency, to be prepared for a future that is never certain.
To ensure that your board has the skills to guide the corporation through risk discovery and management, call RiskOnBoard to get started with a short overview for your board followed by an in-depth discovery at your annual strategic planning session. Later, we can help your executives develop a plan, build in best practices and provide guidance during implementation.