Risk frameworks in an era of disruption

An Audit & Risk Committee perspective.

Audit & Risk Committees play a vital role in helping ensure the sustainability of New Zealand businesses and for this reason, they remain a key area of focus for our PwC Non-Executive Directors Programme. On 4 April 2018, we hosted Audit & Risk Committee members at a PwC forum - Risk frameworks in an era of disruption.

Our conversation covered some fascinating perspectives. You'll find an overview of forum insights in our brief video. Some of the key discussion points included...

  • The value and importance of integrating risk management and business strategy - when considered together it becomes an iterative process where they inform each other.
  • In our world of rapid change, Key Risk Indicators can be useful in helping to inform management and the board when the environment is shifting.
  • Boards and management can benefit from focusing on questions to test and build organisational risk agility, resilience and ultimately culture.
  • The challenge of balancing the different risk appetites and cultures required to successfully maintain your core business while trying to innovate and self disrupt. And related to this; questioning whether innovation is really something the company can and should be doing, or whether managing a graceful exist would be the best approach.

To further explore any areas related to the forum topic, please feel free to connect with either Lara Hillier or Chloe Gallagher.

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Risk frameworks in an era of disruption

An Audit & Risk Committee perspective.

Contact us

Lara Hillier

Lara Hillier

National Strategic Accounts Leader, PwC New Zealand

Tel: +64 21 240 8640

Chloe Gallagher

Chloe Gallagher

Partner, PwC New Zealand

Tel: +64 21 051 6699

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