The way companies structure their risk governance and reporting varies materially, depending on the type of business and level of regulation. Yet, even in public companies that must follow formal corporate governance codes, soft skills such as good communication and persuasiveness remain essential to the risk management process.
This is the finding of a survey into risk architecture conducted by Airmic over the last three months. The study involved an online survey of 125 members, followed by more detailed interviews with 10 members. The full results will be reported to the Airmic conference.