The Governance of Risk

The Governance of Risk refers to the processes and structures organizations implement to identify, assess, and manage potential risks that could impact their objectives. It involves creating policies, assigning responsibilities, and ensuring compliance with regulations, all aimed at minimizing negative outcomes. This approach helps organizations make informed decisions, enhance their resilience, and safeguard their assets by systematically addressing uncertainties in their environment. Effective risk governance ensures that risks are understood and managed proactively rather than reactively, supporting overall organizational stability and success.