Backed by the Australian Institute of Company Directors and the Australian Research Council, a new study will examine the role of both management and the board in managing strategic risk – the risks created as a result of an organisation trying to deliver on its strategy.
Being undertaken by Dr Peter Cebon, a Senior Research Fellow at the University of Melbourne, the research consists of two parts – a survey and a set of case studies of how boards and executives work together to deliver risky strategic outcomes.
"Ultimately, we will be looking to understand what is best practice, but first, we need to understand what organisations are actually doing and why, whether there are differences in what they are doing, and how these differences impact their effectiveness."
Given the lack of consensus on what boards should do around strategic risk, and lack of understanding of what they actually do, the survey has two aims. The first is to get an understanding of the common practices – good and bad – by Australian boards around strategic risks. The second is to understand why.
Directors are invited to participate in this anonymous survey.
Further information is available from the Australian Institute of Company Directors
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