Roads to Resilience

Summary of implications for board members

Overall, the requirement for organisations to be resilient has never been greater. Boards need to provide a clear mandate for risk professionals to implement the five principles of resilience. Members of boards need to ensure the necessary enhancements to business enablers take place. Research at the case study organisations identified a wide range of resilience actions to enhance the business enablers, summarised as follows:

Actions

People and Culture

Business Structure

Strategy, Tactics and Operations

Leadership and Governance

• increase risk awareness • avoid board risk blindness

• develop risk architecture • plan crisis management

• determine risk attitude • undertake risk assessment

• establish resilience agenda • ensure risk governance

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Roads to Resilience: Building dynamic approaches to risk to achieve future success