Sharon Sutherland’s Post

The EY Global Board Risk Survey 2023 highlights the increasing importance of addressing socio-political issues proactively and on a systemic level as my colleague, Sharon Sutherland, details here. Incorporating diverse perspectives is a crucial responsibility for boards in today's complex business environment, and by doing so, boards can navigate the evolving global risk landscape and ensure the long-term success of their organizations.   Read the full Global Board Risk Survey here: https://lnkd.in/dFazdyeW #BetterWorkingWorld #DiversityandInclusion #Risk

Thank you for allowing me to share my experiences of making decisions under pressure. 🙂 It was great to share the learning from some of the life and death decisions that I have taken in my career. From sending armed officers into countless siege scenarios to a decision on what action to take on hearing death threats from hardened Nigerian kidnappers. In most of my crisis management experience there has been an element of surprise, a perceived or real loss of control. There have been no immediate obvious solutions and a shortage of time. Often there has been insufficient information or indeed too much information 👇 Some comments I shared about Risk Decisions: 👇 🔸 There has to be a willingness to make decisions in conditions of uncertainty 🔸 Safety of people is often the primary consideration and should be top of a working strategy priority list 🔸 We should consider the benefits of a decision against the seriousness and likelihood of possible harm 🔸 Decisions should be consistent. (Use a model) it helps when you are overwhelmed or when you have to justify that decision later 🔸 The amount of detailed documentation you record should reflect the likelihood of harm and its seriousness 🔸 Decision making requires a culture that learns from successes as well as failures 🔸 Good decisions should be identified, celebrated and shared Remember, if you are a leader you should take advice but stay in command. Your duty to intervene and challenge must be higher in crisis operations because of the attendant risks, so don’t hesitate to challenge. To do so is professional, appropriate and helpful to all concerned in the operation #decisionmaking #decisionmakingskills

Risk Pioneers, the top performing 5% of organisations in PwC’s latest Global Risk Survey, are changing the way they see risk by embracing the transformative power of technology and data in pursuit of opportunity and value creation. How does your approach to risk compare? Benchmark yourself against the 3,910 business and risk leaders surveyed.   https://pwc.to/48vDMMx #GlobalRiskSurvey #RiskManagement #PwcRisk #LetsChangeTheWayWeSeeRisk 

We have observed that inspiring a deep sense of risk ownership in others is one of the greatest challenges risk professionals face.  ▪ What are the conditions necessary for embedding shared ownership of risk in organisations?  ▪ How can risk professionals bring about those conditions?  ▪ In what ways can risk professionals inadvertently undermine shared ownership of risk? We explore these questions and strategies to address them in our upcoming professional development program for risk professionals. We invite you to download our brochure here: 🌏 https://lnkd.in/gDRTqTJ7 #riskculture #riskleadership #riskmanagement  

Two great Risk Coalition discussions today on: 'Storm in a TCUP - Thinking Clearly Under Pressure and making decisions in uncertainty'. Particular thanks go to our subject matter expert, Martin Richards, who provided some invaluable advice and suggestions for our risk-focused #NEDs and #CROs to think about. A copy of the slides used in our Risk Committee Chairs' Forum discussion is attached, and keep an eye out for our blog on the discussion in due course. If you are a risk-focused NED and would like to join a future roundtable discussion, please register your interest here https://lnkd.in/erb4uK-4 If you are a CRO or senior risk professional and would like to join a future roundtable discussion, please register your interest here https://lnkd.in/e7wcbHhh #riskcoalition #riskgovernance #riskmanagement #risk #cro #chiefriskofficer #ned #nonexecutivedirector #nonexecutivedirectors #rccf #crof

Risk Pioneers, the top performing 5% of organisations in PwC’s latest Global Risk Survey, are changing the way they see risk. The focus is now on embracing the transformative power of technology and data in pursuit of opportunity and value creation. How does your approach to risk compare? Benchmark yourself against the 3.9k business and risk leaders surveyed. https://bit.ly/4ayco23 #GlobalRiskSurvey #RiskManagement #RethinkRisk #FitForFuture Sivarama Krishnan

PwC current survey is in endeavor to capture how institutions and Risk leaders can not only navigate the shifting risk management landscape but turn this into an opportunity to enable growth.  We encourage your active participation.

My colleague Lisa Rawls makes an important point below: CROs can help their organizations gain a competitive advantage by leveraging new technologies to help mitigate risks in responsible ways their stakeholders can #trust. Scroll through the slides below to preview some of the KPMG US 2023 CRO Survey findings. I'm looking forward to hosting a deep dive into the most pressing issues on CROs’ agendas in the coming weeks - more details to come soon! Learn more here: https://lnkd.in/gSwiqnau #KPMGRiskServices #KPMGTrustedImperative #risk #riskmanagement #risktransformation #riskmodernization #CROs 

How does your approach to risk compare? Benchmark yourself against the 3.9k business and risk leaders surveyed. https://bit.ly/4ayco23 #GlobalRiskSurvey #RiskManagement #RethinkRisk #FitForFuture

Risk Pioneers are leading the way in #RiskManagement by embracing #technology and #data to create opportunities and value. According to PwC's latest Global Risk Survey, Risk Pioneers are the top 5% of organisations performing exceptionally well. Want to see how your approach to risk compares? Benchmark yourself against the 3,910 business and risk leaders surveyed. Let's change in the way we see risk: https://pwc.to/48vDMMx PwC Middle East #letschangethewayweseerisk #globalrisksurvey #pwcrisk