Mar 1, 2013
Demystifying Risk Appetite
The enterprise risk management (ERM) community is certainly aware of the idea of “risk appetite;” however, despite the attention that risk appetite receives from ERM practitioners, it remains an elusive concept to apply at the enterprise level. In this article from the Spring 2012 issue of Corporate Risk Canada, author Rob Quail, long-time Director of ERM at Canadian utility Hydro One Inc., attempts to explain and cut through the confusion surrounding risk appetite. Quail also walks through a fresh methodology for defining and measuring risk appetite that can help organizations to make better, more consistent business decisions.