14 June 2021 
Nkechi Ijeomah, CHEIA Administrator
Risk appetite - complicated to understand, a challenge to establish, difficult to apply. Many boards give up. However, I think the risk appetite conversation is a healthy (essential) board room discussion – exploring as a collective what type of risk we are facing? how much risk we are exposed to? And how much risk we are prepared to take? - in pursuit of our objectives. If we understand this then we are in a much better position to manage risk in making decisions, monitoring and assurance.
Decision making
Monitoring
Assurance
Like I said, “it’s slippery”.
Matthew Humphrey is commercial head of RSM's Insight4grc www.insight4grc.com and ERM advisory. He previously headed internal audit functions and in 2001/2 designed and made ready the then largest Local Government Internal Audit Consortium involving 5 councils as well as a private sector partner. Since then he has assisted numerous organisations from all sectors refine, design and develop their enterprise GRC arrangements, including authoring of the Polish Government risk management guide.
