Articulating Risk Appetite
Mark Beasley, Deloitte Professor of Enterprise Risk Management at NC State University interviews Colleen Larson, Senior Director of Risk Management at Emergent BioSolutions Inc., about how the company approached defining elements of its risk appetite across different aspects of the company’s core business. She begins with an overview of what led management to want to articulate its risk appetite, and she describes the tactical approach management used to identify specific risk appetite areas of focus and related tolerances surrounding outcomes. Colleen highlights how their efforts has resulted in practical, tangible guidance and a shared language that management is using to make key business decisions in light of the identified risk appetites and tolerances.
