• Risk Appetite versus Zero Harm & the Confusion at Board levels

  • May 19 2024
  • Duración: 9 m
  • Podcast

Risk Appetite versus Zero Harm & the Confusion at Board levels

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  • Resumen

  • 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 paradigms and how a synthesis of risk appetite in commercial and safety practice does occur in project due diligence.

    For more information about Richard & Gaye's due diligence work, head to https://www.r2a.com.au
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