Kirsten LaceyAssistant Director, Risk and Resilience Risk Audit and Integrity Directorate
Department of Justice and Regulation Victoria
1:30 PM CASE STUDY: Implementing Strategies with Department of Justice and Regulation to Develop Effective Risk Appetite Statements
The Department of Justice and Regulation Victoria has recently had its Executive approve a detailed risk appetite statement. Across the Public Sector departments, approximately 50% have recently approved their risk appetite statements and the other 50% are considering the benefits of pursuing this level of maturity. Risk Appetite Statements should be clearly communicated in order for the organisation to pursue risk management objectives. In this session Kirsten will discuss:
- How Risk Appetite Statements can help organisations to enhance risk culture and governance
- How to develop Risk Appetite Statements to drive better decision-making processes
- Understanding the Victorian Public Sector’s approach to Risk Appetite policy development.