Episode 37 - Risk is Not a Number - Marco Nutini

In this episode, I spoke with Marco Nutini, author of Risk is Not a Number and former CRO at Embraer. Marco explained why risk is not a number and how non-conformities are a COMPLIANCE attribute, not a RISK attribute. Marco also shared some ideas on pricing risks that Internal Auditors can question within their organization. Lastly, he shared a tragic case of Risk Management failure, in which company executives tried to defend themselves by saying that the risk within their risk matrix was 'yellow,' not 'red.' Listen in to find out what company that was. I hope you enjoy the episode!