Developments in the European Union – under the EU Whistleblowing Directive, both private and public organisations must provide safe channels for whistleblowers to make reports, following which those individuals will be protected against any retaliation.

[Click télécharger - "download" - but document is in English] From AMRAE, Airmic’s sister association in France – Risk-taking is inherent to a company in its pursuit of value creation. However, due to the radical transformation of some “traditional” business models, increased digitalisation of the economy, development of new technologies, multiplication of regulations, geopolitical uncertainties, changes in society, or the challenges of climate change, corporate risks are changing rapidly.

The UK must be better at anticipating, preparing for and responding to a range of challenging risk scenarios, including those which it has never experienced before. The report emphasises that the Government’s current strategy of centralised and opaque risk assessment and risk management, which fails to make adequate preparations, has left the UK vulnerable.

Part of the Airmic EXPLAINED series of guides, this guide provides an introduction to the concept of risk appetite and addresses the myths, and the links with culture, maturity and sustainability. Defining and implementing risk appetite (often also referred to as a risk attitude) is a strategic activity that involves the Board and top management, as it must be aligned with strategic objectives, and requires consensus and engagement from the organisation’s leadership. This guide is essential reading for those new to the risk management profession, or for those who find themselves with a responsibility for risk management as part of a wider role.