Risk appetite statement
Produced in partnership with Beth Pipe FCIPD of OnLive Learning
PrecedentsRisk appetite statement
Produced in partnership with Beth Pipe FCIPD of OnLive Learning
Precedents1
Overall risk appetite
[Insert organisation name] has a [low OR medium OR high] risk appetite overall. [Insert organisation name] will act in accordance with this risk appetite statement to achieve its strategic objectives.
2
Risk appetite by category
Risk category and description Examples Overall appetite for this category of risk StrategicRisks that could cause the business to fail or impede achievement of its strategic objectives Business development, corporate governance, inadequate succession planning, mergers and acquisitions, new business lines, future-proofing, business location.Responsiveness to changes in the internal and external operating environments.Terrorism, earthquakes, pandemics, floods, fires, severe weather or volcanic activity at a key business location.Political, geo-political, or external stakeholder events affecting the organisation’s ability to achieve objectives.Customer-facing issues, eg changes in consumer preferences, competitor innovation, product liability,
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