Embedding Risk into Strategic Decision Making – 2021

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Oliver Bevan, McKinsey
Preston Finley, Dept. of Veterans Affairs (VA)
Ophelia Usher, McKinsey
Moderator: Daniel Williams, McKinsey

Many organizations, both in the public and private sectors, have set up formal ERM programs with well-defined roles and responsibilities (e.g., establishing the risk framework, defining the risk taxonomy, generating and maintaining the risk register, facilitating risk reporting). However, many ERM programs find it challenging to demonstrate real value to their organizations and perform as an equal partner, both when strategic decisions are made and as they are followed through into implementation. The panelists will share their experiences on how leading institutions have ‘cracked’ the problem and engage the audience to share their perspectives, particularly focusing on what has worked well.