Why managing people and culture risk is the key to organisational success

People are an organisation’s greatest asset and its greatest operational risk to business success. However, people and culture risk hasn’t always been at the top of the risk agenda. As organisations emerge from the Covid-19 crisis it is more important than ever that it becomes a priority.

The Global Financial Crisis of 2007/08, the subsequent economic downturn and recovery has enabled HR to reflect on lessons learned and develop best practice, processes and principles that can mitigate people and culture risk. This has been further enhanced by the increased scrutiny and guidelines set out by the financial regulators, bringing in regulation focused on conduct and culture such as the Senior Manager and Certification Regime (SMCR). While often seen as a Compliance responsibility, increasingly firms are placing this at the door of Human Resources departments.

KRM22’s Global Risk Platform provides applications to help you address your firm’s regulatory, market, technology and operations risk challenges and to manage your entire enterprise risk profile. KRM22 is a public Group listed on AIM and headquartered in London.

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