UK Corporate Governance Code: Raising the bar on risk management

History consistently shows that organisations that fail to effectively manage risk, often themselves fail.

What sort of case study do you want to be?

To comply with the proposed amendments, boards will need to consider a number of questions, including:

  • How can we practically define and articulate our risk appetite?
  • What does a robust ERM system look like and how do we compare with our peers?
  • Have we identified and assessed all of our principal risks?
  • How do we promote the necessary behaviours and measure whether the right culture is in place?
  • What form should the required disclosures take?