9 min
Risk Appetite versus Zero Harm & the Confusion at Board levels Risk! Engineers Talk Governance
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- Technology
In this podcast episode, due diligence engineers Richard Robinson and Gaye Francis discuss the concept of risk appetite versus zero harm and the confusion it creates at board levels because they're trying to put all of their risk issues into a single statement.They discuss how a risk appetite is about balancing risk and reward, whereas zero harm is about nothing bad happening, and this gets uncomfortable when applying risk appetite to human safety. The outline the commonly applied risk p...
In this podcast episode, due diligence engineers Richard Robinson and Gaye Francis discuss the concept of risk appetite versus zero harm and the confusion it creates at board levels because they're trying to put all of their risk issues into a single statement.They discuss how a risk appetite is about balancing risk and reward, whereas zero harm is about nothing bad happening, and this gets uncomfortable when applying risk appetite to human safety. The outline the commonly applied risk p...
9 min