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May 2015

Tomorrow's Risk Leadership: Delivering risk resilience and business performance

The transformation of the risk function requires a strong executive voice of risk to help drive the success of the business. This guide explores the case for the appointment of a senior risk leader to support the board and to manage today’s and tomorrow’s risk agenda.

Leading this agenda well is fundamental to building the resilience that companies need to achieve business success in the short, medium and long term.

This publication is the fourth in a series of guides and toolkits from the Tomorrow’s Good Governance Forum for use by chairmen, boards and advisors, to help achieve practical change. 

It draws on the previous research undertaken and also the experience of those who are actively leading an evolution of the risk function in their organisations. As part of the research 58 CEOs, CFOs, chief risk officers and others have been consulted.

The Tomorrow’s Risk Leadership toolkit helps boards think more deeply about establishing a dedicated risk leadership role.

The toolkit consists of two elements:

  • A roadmap to risk leadership – helping boards make an assessment of how mature the organisation’s approach is to risk and the need for a dedicated risk leadership role
  • An agenda for boards – key questions boards can ask of themselves to help them identify the need to enhance their risk leadership.

CGMA Resources

Browse the full range of Thought Leadership resources here.

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Tomorrow's Risk Leadership

The risk landscape is constantly evolving and becoming more complex. Being able to identify and ‘manage’ all the risks to an organisation is no longer possible.

Featured content:

  • The role of the CFO on the modern board

    Our briefing 'The role of the CFO on the modern board' is based upon a recent CIMA event discussion. It considers the role of the CFO in the context of the evolving board agenda and offers five practical tips on how the CFO can help the board to ensure it makes good use of its limited time.

  • National Audit Office - delivering value and accountability

    The CIMA-NAO expert panel, formed in May 2013, brought together senior finance professionals from the UK government and the private sector to discuss how some of the challenges facing government could be addressed by the finance function and its closer integration with the rest of the business.

  • Using analytics to reduce days sales outstanding

    This paper, produced by Infosys in association with CIMA, alerts finance professionals to new ways of using data to improve cash flow and ensure the value of the organisation is maintained.