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Oversight is passive. Ownership is decisive. That distinction explains why many strategies look good on paper and fail in practice.
Most boards believe their role is to supervise risk. Most ExCos believe their role is to manage it. In the gap between those two beliefs, risk multiplies quietly. Risk-smart organisations close that gap.
Why oversight alone fails
Oversight asks, “Are risks being managed?” Ownership asks, “Which risks are we deliberately taking to win?”
When boards stay at the level of reports and heat maps, risk becomes a compliance exercise. Management learns how to present comfort, not how to make trade-offs.
I have seen strategies approved with bold growth targets and conservative risk appetites sitting side by side, never reconciled. No one owned the contradiction. Everyone oversaw it. That is how organisations drift. READ MORE |