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Culture and people risk
How to embed a healthy operational risk culture
The human resources department
WHY IT’S ALL ABOUT PEOPLE
When it comes down to it, most operational risks are ultimately the result of ‘people’ failure, whether at a strategic, managerial or operational level. ‘Our people are our greatest asset’, we read at the end of the Chairman’s or CEO’s statement in the annual Report and Accounts. True. But just as risk is as much about opportunities as threats, so our people are also our greatest potential liability. Yet firms rarely consider people risk management as the key element of their overall risk management.
There are two ...
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