Document / Publication
International Risk Governance Council (IRGC)
This report is a continuation of the development of IRGC's approach to risk governance. It aims to introduce to managers in government and industry the concept of risk governance deficits, to list and describe the most common deficits, to explain how they can occur, to illustrate them and their consequences, and to provide a catalyst for their correction. This concept of risk governance deficits also considers lessons learned from 'natural' disasters such as the tsunami early warning system in South-East Asia and the hurricane Katrina in New Orleans; and provides an analytical tool designed to identify weak spots in how risks are assessed, evaluated and managed.
The report aims to help risk decision-makers in government and industry understand both the causes of deficits in risk governance processes and their capacity to aggravate the adverse impacts of a risk. With this understanding, it is hoped that risk practitioners will be able to identify and take steps to remedy significant deficits in the risk governance structures and processes in which they play a part, including those that may be found within their own organisations.
DOCUMENTS / PUBLICATIONS