It is critical for boards to articulate their risk appetite and for organisations to actively utilise this framework to aid decision making. By clearly defining the level of risk the organisation is willing to accept, boards can effectively guide their decision-making processes and ensure alignment with their strategic objectives.
Throughout the year, House of Risk has been working diligently to support Housing Associations in navigating the challenges they face. Our goal is to provide a useful toolkit that can aid in the effective implementation of risk appetite within organisations.
When risk appetite sits on a dusty shelf and only comes out for the annual review, it loses its purpose and effectiveness. It is important for organisations to incorporate risk appetite into their daily operations, ensuring that it becomes an integral part of the decision-making culture.
By doing so, Housing Associations can build trust and authority within their industry. They demonstrate their commitment to sound risk management practices, which ultimately leads to more informed decision making, greater organisational resilience, and enhanced stakeholder confidence.
At House of Risk, we believe that boards must proactively communicate their risk appetite to all stakeholders. This ensures transparency and fosters a culture of accountability and responsibility throughout the organisation.
With our proven expertise and comprehensive toolkit, we help Housing Associations establish a robust risk appetite framework and provide the support needed for its successful implementation. Together, we can strengthen decision making, mitigate risks, and drive meaningful progress within the housing sector.
When risk appetite sits on a dusty shelf and only comes out for the annual review, it loses its purpose and effectiveness.
Get in touch for more information, where we will be happy to chat through your requirements.