How to develop a risk mission statement

In this third video, I review several critical questions every Chief Risk Officers (CROs) should I ask: "What do we do, who do we do it for, and how?"

A mission statement succinctly defines the purpose, objectives, and core values of the risk organisation. It communicates the organisation's fundamental reason for existence, what it does, and who it serves.

Key benefits:

🔹 Clear purpose & direction for employees

🔹 Aligns efforts with organisational goals

🔹 Fosters brand identity and reputation

🔹 Act as a clear risk decision-making framework

Implementing such statement requires addressing challenges like change resistance and cultural alignment. Balancing aspiration with realism, stakeholder involvement, and regular review are crucial.

Additional resources:

• Learn more about Aevitium Integrated Risk Framework

• Learn more about how to define compelling risk vision and missions statements

• Contact me to learn more