From Fear to Confidence: Creating Change Using Sustainable Risk Management

A corporate culture of fear and uncertainty – fear of losing face, losing a contract, losing revenue, losing political advantage, losing a job – and uncertainty in the face of disruptive business and economic forces defeats collaboration, creativity, and transparency and reduces the effectiveness of the company’s internal audit function. This article explains explain how a sustainable risk management process can reduce uncertainty and boost confidence in corporate decision-making. The result could include higher staff morale, faster growth, and greater profitability.