Enterprise Risk Management

  • 1.  Establishing a cross-silo risk group in a company

    Posted 06-17-2013 11:36 AM
    Looking for any resources/template/approach to outline purpose, decision-making responsibility, scope and objectives for a cross-functional risk partner organization in a company. Sincere thanks for any insights.

    William Raisch
    Director - International Center for Enterprise Preparedness
    New York University
    New York NY
    United States

  • 2.  RE:Establishing a cross-silo risk group in a company

    Posted 06-24-2013 01:20 PM
    Setting one up would benefit most any medium or large size business or organization.  How it is done depends quite a lot on the culture.

    We've helped companies set up risk committees that are seen as effective, and in one case helped a company who already had such a committee, but it wasn't doing everything the members thought it was capable of doing.  We were able to help them get re-engaged with senior management, who saw them (appropriately) as a resource/sounding board for strategic decision making.

    I can't offer any templates or tools, but a mission/purpose statement should be relatively easy for the committee to determine...hashing that out would be a good exercise for the committee members so that they can align/calibrate themselves on what they are meant to be doing.  I would expect the objective to be pretty simply stated as to help the organization more effectively identify, assess and mitigate risk.  The trick is to be able to get the members to have a clear understanding of their purpose, confidence that they have a meaningful role and to get senior management to engage with and rely on them.

    Normally these committees serve in an advisory capacity with no formal authority, but again it depends on the culture of the organization. 

    Would be happy to discuss this with you further.

    Best regards,


    Chris Moss
    Director, Risk Consulting
    Charles Taylor Risk Consulting
    Dallas TX
    United States
    +1 972-447-2053