The question many avoid: how much risk are we willing to accept? We help the board and management answer it with numbers and limits, then build a few clear indicators that warn before a limit is crossed.
Decisions run on instinct and differ from one department to another.
You see what happened after it happened.
You need to confirm the risks that come with it are within what the board can bear.
For financial, operational, reputational and compliance risk.
A small number that real decisions depend on.
When an indicator turns amber or red, and who is told.
Approved by the board.
Each with a definition, data source and owner.
Simple and easy to update.
To understand the strategy and what worries them.
In wording that can be measured.
Is the data really available?
We tune the thresholds after the first cycle.