Risk management must be capable of being trusted

Every person and organization needs to be able to make their own decisions about how they do things.  Particularly risky things.  At the same time, as everything in our world becomes ever-more interconnected, we increasingly rely on the appropriate behavior of others nearly as much as on our own behavior for our own safety.  And others rely on us.

The idea of interconnected safety applies, for example, to safety from the coronavirus, safety from computer hacking, and the safety of our children from sexual abuse and misconduct (SAM).  How other people behave directly impacts our and our children’s safety.  Although having to rely on other’s behavior for safety isn’t new, dependence is growing as riskiness, change, and interconnectedness all accelerate.

As a result, more risks are becoming too big to just hope people and organizations are managing them well.  We increasingly want to know risk is being managed well.  We want others to know we are managing risk well.

To know, trust, and be trusted that risk is being managed well, a credible way of assessing and signaling how well it is being managed is needed.

That risk management must be capable of being trusted is a BOKRIM core principle.

Author

Tim Jaggs, BOKRIM Founder

E: tim@bokrim.com

T: +1 (925) 450 6540

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