Risk Appetite

In this episode, we explore the concept of risk appetite and why it is crucial for organisations of all types. We break down what risk appetite means, how it differs from risk tolerance, and how it shapes strategic decisions. Our discussion covers how different types of organisations—such as startups, not-for-profits, and larger firms—approach their unique risk appetites. We also delve into the role of culture, the importance of a formal Risk Appetite Statement, and practical ways to develop and monitor this framework effectively. This is a must-listen for anyone interested in understanding how risk appetite can influence growth, stability, and innovation within an organisation. If you want to streamline your board's administration then don't forget to check out the ⁠⁠Our Cat Herder Board Portal⁠⁠.