Managing the people dimension of risk

8 September 2010

Trinity House, Trinity Square, Tower Hill, London EC3N 4DH

While increasing attention has been devoted in recent years to risk assessment and management, a mainly quantitative approach has resulted in major risks not being recognised until too late. Many of these have related to people - as the 2009 Walker report implies. HR should be prepared to play a pivotal role, working collaboratively with other functions to improve the quality of risk management.

Who is it for?

HR directors, finance directors, heads of audit and of strategy, who need to work together on the fundamentals of organisational performance, risk management and effective corporate governance.

Overview

While increasing attention has been devoted in recent years to risk assessment and management, a mainly quantitative approach has resulted in major risks not being recognised until too late. Many of these have related to people - as the 2009 Walker report implies. HR should be prepared to play a pivotal role, working collaboratively with other functions to improve the quality of risk management.

Content

Achieving an in-depth understanding of risk management is important in enabling HR to contribute meaningfully to critical strategic debates, and to move from a reactive to a proactive stance, and collaborate effectively with functions such as Audit. The report and the workshop to follow will explore areas in which OD insights and techniques can be applied to identify and manage risk, such as:

• developing a pro-active risk culture - enabling better judgements through the workforce about how to balance risk and opportunity
• assessment and development methods, whether for senior employees, rising talent, key knowledge workers, or staff in ambassadorial roles, including identification of 'derailers'
• governance disciplines - at board and other levels
• decision support - especially fr high stakes strategic decisions like M&As
• organisational design and restructuring
• competencies required for a more sophisticated, holistic approach to risk management.