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Navigating Risks and Opportunities in a Volatile World

Navigating Risks and Opportunities in a Volatile World

Coulson-Thomas, Colin (2019) Navigating Risks and Opportunities in a Volatile World. In: 19th London Global Convention on Corporate Governance and Sustainability, 13 - 16 Nov 2019, Ballroom, Hotel Montcalm, Marble Arch, London (UK).

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Abstract

Directors need to ensure that boards do not overlook certain areas of risk, including those that relate to their own activities and practices, such as thought and relationship risks; risks relating to purpose, priorities and values; board practice and understanding risk; business model, structure and process risk; compliance, accounting and reporting risk; decision and opportunity risk; and shared and changing risks. These risks may not appear among the ‘usual suspects’ on risk registers and yet they can be essential for effective and responsible decision making and for resilience, ethical conduct and sustainability.

Before acting, directors should think through the implications of board decisions and the consequences of corporate activities. Risk management should support responsible decision making. It should encourage rather than inhibit the flexibility, openness and innovation required for enterprise resilience and responsible conduct in the face of evolving challenges and potential opportunities.

Item Type: Conference or Conference Paper (Plenary)
Additional Information: The 19th London Global Convention on Corporate Governance and Sustainability is organised by India’s Institute of Directors (http://www.iodglobal.com/).
Uncontrolled Keywords: navigating risks, risk management, risk managers, risk governance, boards, directors, boards of directors, governance, corporate governance, opportunities, entrepreneurs, innovation, enterprise, entrepreneurship, trust, compliance, trust, decision making, responsible conduct, non-executive directors, business models, climate change
Subjects: H Social Sciences > H Social Sciences (General)
Faculty / Department / Research Group: Faculty of Business
Faculty of Business > Centre for Work and Employment Research (CREW)
Faculty of Business > Centre for Work and Employment Research (CREW) > Leadership & Organisational Behaviour Research Group (LOB)
Faculty of Business > Department of Human Resources & Organisational Behaviour
Related URLs:
Last Modified: 03 Dec 2019 14:05
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
Selected for GREAT 2019: None
URI: http://gala.gre.ac.uk/id/eprint/26195

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