1st Edition
Principal and Emerging Business Risks A Practical Guide to their Significance, Identification and Management through the Lens of Process Mapping
Part 1. Setting the scene 1. Introduction 2. Risk management terms and definitions 3. Structure of the book 4. Business growth through risk-taking Part 2. Process Inputs: Those activities that will contribute to the completion of the process task 5. Awareness of the risk landscape 6. Developing an understanding of corporate governance and the UK Corporate Governance Code 7. Risk capacity, appetite and tolerance 8. Building confidence with investors Part 3. Process enablers: Which support the identification, review and acceptance of the Principal and Emerging Risks 9. Board decision-making 10. Role of the Audit and Risk Committee 11. The support role of non-executive directors 12. Role of business function heads 13. Role of the Group Risk function 14. Three lines of defence Part 4. Process constraints: Those activities that will potentially inhibit the completion of the process task 15. Immature risk management practices 16. Developing the risk management culture Part 5. Process task: The selection and finalisation of the Principal and Emerging Risks 17. Selection of the Principal and Emerging Risks Part 6. Process outputs: The specific outputs from the process activity 18. Annual report risk management disclosure 19. Business longevity through risk management
Biography
Robert James Chapman, CFIRM, FAPM, FICM, has provided risk management services for over 30 years. He is a director of the consultancy Dr Chapman and Associates Limited, which specialises in international risk management. He has provided risk management services in England, Holland, Ireland, South Africa, Qatar, the UAE, Singapore and Malaysia to companies within the health, nuclear, rail, pharmaceutical, aviation, marine, broadcast, heritage, water, energy, sport, oil and gas, property development, construction and transportation industries, as well as to central government and local authorities in the public sector.
"Is risk management a black art? This book provides easy-to-read risk management approaches, highlighting the psychological twists Board members experience looking towards the future whilst protecting the present. In an ever-changing world, real-life examples highlight how businesses thrive or fall. Surprisingly authentic and heart-warming as the book gently navigates the reader through the risk approaches and terminology. No matter your profession or position, the books’ structure enables you to dip in and out at your convenience to build your risk path to success."
Darda McDonagh, MSc, MBA, BA (Hons), IRMCert, Risk Management Specialist
