August 27th 2010

Managing the People Dimension of Risk

This report highlights the role that HR should play in risk management. This is in the context of significant trends in corporate governance to recognise the importance of behaviour, rather than the historic tendency of risk management to rely mainly on controls and quantitative analysis. Most of the levers to shape risk culture, appetite and mindset are core HR processes, such as reward, induction, L&D, assessment, embedding values and managing performance.

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