Risk appetite for boards

Set and oversee your board’s risk appetite with clarity and confidence

The board holds overall responsibility and accountability for risk. Risk appetite is a core element of your organisation's risk management framework, and effectively articulating your board’s risk appetite is critical to effective decision-making and strategic alignment. 

This interactive half-day session gives board members the tools and frameworks to define, communicate and apply risk appetite in practice to ensure your organisation’s approach supports good governance.

Key takeaways

1. Understand the role of risk appetite in an effective risk management framework and how it can drive decision-making.
2. Gain practical insights into the board's role in defining a collective view of risk appetite and the key steps for effective implementation.
3. Explore real-life scenarios and how risk appetite can impact on the discussion and decisions made.
4. Network with peers to share challenges and collaborate on solutions.

In a system facing growing complexity, financial pressure and political scrutiny, boards need a shared understanding of the amount and type of risk that their organisation is willing to accept to meet its strategic objectives. This is an important balance to strike between taking too little risk which can stifle innovation and progress, and too much risk which can lead to failure or loss.

Risk appetite defines the boundaries of risk an organisation is willing to take. This course supports you to understand the tools to develop a clearly defined, consistently applied risk appetite that supports better decision-making, stronger assurance, and a more confident approach to organisational risk management that supports strategic delivery.

• Introduce the concept of risk appetite and highlight its importance as one key element of the overall risk management framework.
• Highlight the Board’s role in determining and overseeing risk appetite.
• Showcase an example approach for defining risk appetite and share practical challenges in implementation.
• Illustrate how risk appetite can be used to drive more effective risk reporting and decision making.  

This is a half-day course, with estimated timings of 9:30am to 12pm (subject to change).

This training is open to Members and Non-Members of The NHS Alliance.

NHS Alliance Member: £235 (exc. VAT) | £282 (incl. VAT)
Non-Member: £353 (exc. VAT) | £423.60 (incl. VAT)

You will need to provide a purchase order number at booking to confirm your place on this course. Card payments are also accepted.

Follow the 'Book now' link at the top of this page to book your place. You will need to create an account if you have not already done so.

• Chairs and chief executives.
• Executive directors.
• Non-executive directors.
• Company secretaries.
• Individuals that lead the organisation’s risk management.