The Triumph of the Humble Chief Risk Officer
Détails
ID Serval
serval:BIB_C4F4A4B7FE1A
Type
Partie de livre
Sous-type
Chapitre: chapitre ou section
Collection
Publications
Institution
Titre
The Triumph of the Humble Chief Risk Officer
Titre du livre
Riskwork: Essays on the Organizational Life of Risk Management
Editeur
Oxford University Press
Lieu d'édition
Oxford, UK
ISBN
9780198753223
Statut éditorial
Publié
Date de publication
09/2016
Editeur⸱rice scientifique
Power M. K.
Numéro de chapitre
12
Langue
anglais
Résumé
This chapter analyses the role of two CROs, and the tools and processes they implemented in their respective organizations. Both saw that risk management had to be transformed from a collection of ‘off-the-shelf’ tools into a living and legitimate organizational control process. In both CRO cases, their riskwork involved a significant degree of humility, manifest in their limited formal authority and meagre resources. Their skill was to build an informal network of relationships with executives and business managers, allowing them to resist being stereotyped as either compliance champions or business partners. Instead they created and shaped the perception of their role as a careful balancing act between keeping one’s distance and staying involved. The riskwork of these CROs involved little or no packaging of standardized risk management ideas for business managers and was more focused on the creation and internalization of a specific type of ‘risk talk’ as an accepted, cross-functional language of business.
Mots-clé
Riskwork, Risk talk, Enterprise risk management (ERM), Chief risk officers (CROs)
Création de la notice
27/10/2016 16:30
Dernière modification de la notice
20/08/2019 15:40