Risk Managers Urged to Loosen Up to Create Value

▤ Summary

Riskonnect hosted a webinar in which experts urged risk managers to adopt a more commercial, value-focused approach and relax overly tight controls where appropriate. Speakers warned that narrow, mitigation-only risk decisions can create suboptimal outcomes and cause organizations to miss opportunities. The article highlights comments from Scott Fenstermaker of Riskonnect and consultant Jason Mefford, who said excessive control can make risk teams appear as business ‘restrictors’ and undermine their perceived value. It recommends a holistic risk-management perspective that positions the function as value-adding rather than purely compliance-oriented.

▦ Linked Companies

Riskonnect

$50M to $100M