Be patient

Risk managers need to be patient and wait until the board is ready to talk about risk management in relation to strategy, advised Graeme Lee, head of risk management for ITV plc.

He pointed out that risk managers have more opportunity than ever before to influence the strategic direction of the company.

The biggest strategic challenge currently facing the broadcasting industry is the fast pace of change. ‘Risk management helps all organisations keep pace with change and view the consequences of change,’ he said.

“Risk management helps all organisations keep pace with change and view the consequences of change.

Lee welcomed a risk manager survey by StrategicRISK where respondents raised claims performance as one of their biggest concerns.‘Claims have always been bottom of the list when it comes to getting attention. I’m glad it’s come up in the survey,’ he said.

‘An old claim is often an expensive one.’