How Do You Know An Organization Successfully Manages Its Risks?

See below – wording from a poll posted on the Linkedin ISO 31000 Risk Management Standard group – perhaps the poll and the sample answer options provided are tongue-in-cheek, perhaps not, but how does your organization (and its directors) determine that risks and uncertainties are successfully identified, evaluated and managed on an ongoing basis?

How do you know that an organization successfully manages its risks?

  • It is compliant to a standard
  • There has been no major disaster
  • Processes and controls are in place
  • People are competent and accountable
  • You just can’t know

Dave Tate, Esq.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s