{"id":1543,"date":"2022-02-17T09:06:35","date_gmt":"2022-02-17T09:06:35","guid":{"rendered":"https:\/\/www.theirmindia.org\/blog\/?p=1543"},"modified":"2026-01-22T11:48:40","modified_gmt":"2026-01-22T11:48:40","slug":"is-this-the-greatest-risk","status":"publish","type":"post","link":"https:\/\/www.theirmindia.org\/blog\/is-this-the-greatest-risk\/","title":{"rendered":"Is this the greatest risk?"},"content":{"rendered":"

\"Getting<\/a><\/p>\n

Imagine you are a senior executive responsible for a major initiative for your company. Your day is busy with crucial meetings and discussions about project plans, people issues, and fighting the fires that always seem to appear.<\/p>\n

Then you see an email from the corporate office. It\u2019s an individual you don\u2019t know, so you open it with some degree of apprehension.<\/p>\n

It tells you that you are about to receive a member of the corporate risk function. He is going to perform a risk assessment<\/strong><\/em><\/a> that will be incorporated into the company\u2019s overall risk management process<\/strong><\/em><\/a> for discussion among the top executives and the board of directors.<\/p>\n

Is this something you welcome? I doubt it.<\/p>\n

The majority of executives will see this as a disruptive activity (disruptive because it will consume time that you can\u2019t afford) and a risk assessment might be used to make you look bad or even to get your initiative delayed or worse.<\/p>\n

The \u201cgreatest risk\u201d that I am talking about is the risk that the work of the risk practitioner is seen as a compliance activity that does not help people run the business for success.<\/p>\n

Surveys consistently show that most executives see as just that: something they\u00a0have<\/em>\u00a0to do rather than anything they\u00a0want<\/em>\u00a0to do.<\/p>\n

They don\u2019t see the value. It doesn\u2019t help them make the informed and intelligent decisions necessary for success.<\/p>\n

The problem has several contributing factors, including:<\/p>\n