What is it about?
Risk management is becoming more complex, requiring CROs to have both technical and communication skills. They must engage with executives and boards to align risk strategies. Effective communication helps balance compliance and business growth, ensuring better decisions and stronger financial resilience. Clear communication helps decision-makers avoid groupthink, manage risks effectively, and strengthen financial institutions.
Featured Image
Photo by Christina @ wocintechchat.com on Unsplash
Why is it important?
Risk management is often seen as a highly technical activity, but today it also requires strong soft skills. One of the most important is effective communication with different business audiences—from corporate boards to operational teams—to improve risk decisions, strengthen risk culture, and reduce culture risk.
Perspectives
Communication, especially active presentation, is a key pillar of reporting. In this context, the goal of risk management is not just to inform but to communicate effectively. It’s not about overwhelming the audience with data but ensuring a clear understanding of the key risk issues.
Prof. Rosa COCOZZA
Universita degli Studi di Napoli Federico II
Read the Original
This page is a summary of: Risk management, the board and the C-suite: The adaptive art of communication in times of change, Journal of Risk Management in Financial Institutions, December 2024, Henry Stewart Publications,
DOI: 10.69554/nyap5618.
You can read the full text:
Contributors
The following have contributed to this page
