Risk culture is all about the attitudes and behaviours towards risk within your business. How you think and feel about risk-taking and the risk-taking practices in your business all come together to make up your culture. This is a big people issue, which can have big implications for your business.
A good risk culture is one where people are:
- Accountable
- Informed
- Transparent
- Objective
- Comfortable speaking up
- Ethical
- Co-operative and compliant with standards/regulations
- Responsive, flexible and innovative
Most importantly, a good risk culture is defined by a great ‘tone at the top’!
WINR Risk Consultancy 