10:45 - 11:45 - Stop managing risks!
Language: Dutch (English on request)
Location: Carre 2H
Conventional risk management methods are about reducing individual risks or risk categories to acceptable levels. To be effective, these practices must then be made part of decision-making processes. However, there are no appealing examples of this.
Recent insights take interest considerations as a starting point. Executives have to deal with multiple stakeholders with potentially conflicting interests. To remain future-proof, decision makers must manage the expectations of their core stakeholders. It requires anticipating what might happen that affects what interested parties value. Aware of dependencies and consequences, they must reconcile dilemmas under uncertainty. Making choices is the core of their daily work.
Does conventional risk management serve any purpose beyond reassuring regulators?