Book a place for Risk and the Strategic Role of Leadership

Thu, 30 Aug 2018 16:54:00 BST

Companies need to recruit board members from a wide range of backgrounds who can question the status quo in organisations, according to a major new report into risk management. 

Thirty directors, from FTSE 100 companies, small businesses, charities and social enterprises, were interviewed for Risk and the Strategic Role of Leadership, which was co-authored by Dr Patrick Ring, of Glasgow Caledonian University. 

The findings of the study, funded by the Association of Chartered Certified Accountants (ACCA), will be discussed at a free event at GCU on Thursday 13 September, from 5.15pm. 

Speakers include Claire Reid, Head of Assurance at PricewaterhouseCoopers and Raymond Jack, Executive Director of Finance and Operations at ACCA. 

The study warns boards about becoming too conservative and risk-averse and overlooking the positive opportunities of entrepreneurial risk-taking.

It also outlines how time constraints at board meetings and overly-detailed risk reports can obscure key risk.

Jo Iwasaki, ACCA’s head of corporate governance, said: “It is so important for research to shed light on existing practices. It helps us find out how effective existing measures are in raising the awareness and quality of board engagement in risk management. We can then highlight emerging good practice to promote improvement at every level."

Book a place