Risk management

Gain practical guidance and insights to help oversee risk management in a complex and evolving environment. Explore key resources, frameworks and tools to strengthen risk oversight.

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What is risk management?

Risk management is about anticipating and responding to events that could affect an organisation’s objectives and reputation. This topic covers how boards establish risk appetite, monitor key risks and build robust frameworks that support resilience and informed decision-making.

Featured resources

Explore curated guidance to help understand the evolving risk landscape and apply effective risk management and governance practices across organisations.

Governing WHS psychosocial risks:
A primer for boards. <p>Australian organisations have strengthened physical work health and safety. Boards should now bring the same focus and oversight to psychosocial risks also.</p>
APRA prudential practice guide on risk management. <p>Does the APRA Prudential Practice Guide on Risk Management go beyond guidance by providing a greater regulatory burden on Boards?</p>
Governing for net zero: The board's role in organisational transition planning. <p>This joint resource offers practical guidance for boards navigating climate transition planning.</p>

Explore subtopics

Dive deeper into the key areas shaping risk management oversight. Each subtopic links to a full collection of resources available in the AICD Resource Library, supporting effective board‑level risk governance.

Crisis management

Crisis management governance focuses on how boards oversee preparedness for, response to and recovery from significant incidents that may significantly affect an organisation’s strategy, operations and reputation. Strong crisis governance supports timely decision‑making, organisational resilience and clear accountability during periods of heightened uncertainty.

Boards play a critical role in ensuring crisis response frameworks are in place, roles and escalation pathways are clear, and lessons from incidents are embedded to strengthen future readiness.

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Geopolitics

Geopolitical considerations are increasingly shaping the context in which boards make decisions. Geopolitical governance focuses on how boards identify, assess and respond to global political, economic and security developments that may significantly affect an organisation’s strategy, operations and supply chains.

Effective oversight supports resilience and strategic agility, with boards playing a key role in scenario planning, monitoring emerging risks and ensuring governance frameworks enable informed, forward‑looking decision‑making.

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FEATURED COURSE

Risk and Strategy
for Directors

Develop your understanding of the role of risk and strategy in the health and wealth of your organisation. Learn how to link strategy with wealth creation, implement robust risk management practices and evaluate the role of the director in the strategic planning process.

View course

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