Page 76 - IRMSA Risk Report 2020

5.2
M ANA GEMENT OF RISK SUR VEY INSIGHT S B ASED ON
“ OUR C OLLEC TIVE ST ORIES ”

During November 2019, we asked some of our country’s top leaders (governing body members, executives, risk leaders)
of listed and unlisted private entities as well as public sector organisations to share their experiences of how risks and
opportunities are managed by them and/or others.

Respondents came from a range of industries and were all very experienced, with the lowest representation being those
with less than two years’ experience in their roles. The results from the 81 leaders that participated provide an eye-opening
glimpse into the intuitive working of risk management in our country.

“ THEY SAY THAT HINDSIGHT IS PERFEC T. OFTEN ,
L OOKING B A CK , WE SEE SOME THING WE KNE W ABOUT
AND WHICH PRESENTED A RISK OR AN OPPORTUNIT Y,
BUT FOR SOME REASON WE DID NO T P AY AT TENTION

T O IT. AT O THER TIMES , WE WERE BLINDSIDED
B Y SOME THING C OMPLE TELY UNFORESEEN , OR
SOME THING WE C OULD HA VE SEEN C OMING , BUT
JUST DID NO T. AT THE BEST OF TIMES , SOME THING
WE DID FORESEE , A C TU ALLY C AME ABOUT AS
WE INTENDED . THINK OF AN EXPERIENCE WHERE
Y OUR OR GANISATION ENC OUNTERED A SITU ATION
LIKE THIS . REFLEC T ON HO W THE SITU ATION W AS
M ANA GED , AND HO W THIS IMP A C TED THE OUT C OME
(EITHER POSITIVELY OR NEGATIVELY) .”

TELL US Y OUR ST OR Y…

Note: This section should be read in conjunction with the section on Navigating Complexity: The Frontier of Risk
Management in Section 6 – Call to Action

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