In-Tune Tone at the Top White Paper
It Takes In-Tune Tone at the Top to Shape an Effective Risk Management Culture
Shared Assessments is pleased to announce the release of the Shared Assessments Program white paper: It Takes In-Tune Tone at the Top to Shape an Effective Risk Management Culture. The Shared Assessments Regulatory Compliance and Audit Awareness Group developed this paper in direct response to the increasingly disturbing financial, reputational, legal and regulatory consequences that, in part, arise from insufficient Board and C-Suite engagement in driving robust risk management program development.
In-Tune Tone at the Top is the first of a two-part approach to developing a measurable, repeatable approach to assessment of Tone at the Top elements, with particular sensitivity to third party risk management. Developing and maintaining a strong risk culture requires more than written policy. Good risk management is heavily process-dependent and without risk-focused leadership that enables effective structure and process, security and operational risk activities may remain suboptimal.
In-Tune Tone at the Top:
- Provides background on the evolution of Tone at the Top in a risk management context.
- Discusses metrics that link leadership to effective enterprise risk management.
- Proposes attributes that can be measured to reveal the broader picture surrounding an organization’s risk culture.
- Suggests steps the Board and C-Suite can take to close any risk culture deltas an organization to respond to problematic risk cultures, if they are discovered during such an assessment.
The paper is sponsored by the Shared Assessments Program. When complete in the next phase, the project’s work product will enable executive management teams to reliably assess their risk cultures and top of the house risk tone.
To obtain a copy of this paper, please complete the form below. The paper will be sent upon receipt of submission to the email address provided.