{"product_id":"risk-governance-biases-blind-spots-and-bonuses","title":"Risk Governance Biases, Blind Spots and Bonuses","description":"\u003cp\u003eBiases, blind spots and bonuses (or incentives more broadly) have led to numerous risk management disasters. Risk governance is a potential solution to these problems yet is not always as effective as we would like it to be. One reason for that is the current dearth of risk governance expertise.\u003c\/p\u003e \u003cp\u003eThis book seeks to address this issue, providing:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eUnderstanding of the fundamental forces that cause disasters: the biases, blind spots and bonuses. This understanding is drawn from the disciplines of economics\/finance and psychology;\u003c\/li\u003e \u003cli\u003eExplanation of the structures of risk governance and common challenges experienced in their use e.g. board risk committee, risk\/compliance function, assurance function, risk appetite statement, risk disclosures;\u003c\/li\u003e \u003cli\u003eThorough investigation of risk culture and its importance in risk governance, including the assessment of risk culture;\u003c\/li\u003e \u003cli\u003eUnderstanding of the mechanisms of executive compensation and how they link to risk management - one of the most difficult challenges confronting both risk and remuneration committees;\u003c\/li\u003e \u003cli\u003eExplanation of the risk management process (based on international standards ISO31000), including practical guidance on risk communication, analysis and treatment;\u003c\/li\u003e \u003cli\u003eGuidance on the management of strategic risk, emphasising the importance of scenario analysis;\u003c\/li\u003e \u003cli\u003eApplication of these principles to cyber risk, climate risk - two pervasive risks affecting almost every organisation;\u003c\/li\u003e \u003cli\u003eNumerous case studies and examples drawn from various industries around the world; and\u003c\/li\u003e \u003cli\u003eDiscussion of what has been learned about risk governance from the COVID-19 experience.\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eThe book is an essential guide for postgraduate students; participants in professional education programs in governance and risk management; directors; senior executives; risk, compliance and assurance professionals as well as conduct and prudential regulators worldwide.\u003c\/p\u003e","brand":"Routledge","offers":[{"title":"Default Title","offer_id":48114793676990,"sku":null,"price":49.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0536\/0592\/5054\/files\/24365333482318.jpg?v=1783633391","url":"https:\/\/bookshopnow.com\/products\/risk-governance-biases-blind-spots-and-bonuses","provider":"Book Shop Now","version":"1.0","type":"link"}