What is Strategic Risk Policy?
Strategic Risk Policy is a new way of thinking about Risk in the context of Leadership, Decision-Making and Policy Formulation. Risk today is viewed as a positive concept which deals with the Future – Impacts and Implications of Decisions and Implementation Analysis of Policy. Strategic Risk Policy is separate from the process of risk management and operates at a higher and earlier organisational level. It operates before risks are identified. Strategic Risk Policy involves a paradigm shift from ‘silo’ to network engagement, obtaining stakeholder information and the consequential protection of and leveraging opportunities from vulnerabilities.