Document / Publication
International Risk Governance Council (IRGC)
This policy brief is a summary of IRGC's report on risk governance deficits, which identifies and describes a number of common and recurring deficits in risk governance processes and structures, including the ones related to preparation for and response to disasters such as Hurricane Katrina. The policy brief includes added recommendations and aims to make the research and insights of the report available to anyone responsible for risk governance processes, or elements thereof, whether in government, industry, academia, research organisations or the non-profit sector. It is intended to be used to identify significant gaps or limitations in the risk governance structures and processes within organisations and to develop steps to remedy the identified deficits.
The policy brief defines risk governance as the identification, assessment, management and communication of risks in a broad context. The first two sections outline the identified risk governance deficits and are an abridged version of the full report. These sections also include a few key questions that may assist decision-makers in the evaluation of their own organisation’s risk governance capability. The third section provides general recommendations for how organisations can use the risk governance deficits to improve their assessment and management of existing and emerging risks.