Please vote for the risk management principle that is most important to you.
BOKRIM is trying to establish which of its core principles matter most to sexual abuse and misconduct (SAM) risk managers. BOKRIM would also like to set the initial list of its core principles in order. Here is the list of the initial BOKRIM core principles:
- To be effective, risk management must be comprehensive.
- Risk managers need to know how much to spend on risk management.
- The most effective practices are not the same as the best practices.
- The impact of cognitive biases on risk management is profound.
- Risk management is not compliance.
- Good risk management should be rewarded.
- The best risk management is about achieving objectives, not just preventing negative events.
- Risk managers must have the right tools for the job.
- Effective risk management is the result of an effective system.
- Information is the most powerful risk management tool.
- Insurance is more effective, the less asymmetry of information there is between buyer and seller.
- Risk management is improved better and faster when it is measured.
- Effective risk management is impossible without collaboration.
- Risk management must be capable of being trusted.
Which is the most important to you and in what order of importance would you list the rest?