Non-financial risks have become at least as important, to both firms and regulators, as financial risks. This is mostly due to the importance of firms’ dependence on IT systems to operate their businesses but regulators (particularly the Financial Conduct Authority – the FCA) are also highlighting non-financial risks arising from newer regulatory topics, adding to […]
Tag Archives: diversity and inclusion
New and emerging non-financial risks – Part 2: Not the technology-related non-financial risks
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Also tagged conduct risk, consumer duty, CP23/20, culture, D&I, FCA, Financial Conduct Authority, financial exclusion, groupthink, non-financial misconduct, non-financial risks, retail customers, risk taxonomy, risks
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Two suggestions for tackling micro-exclusions (with thanks to Adam Grant)
Diversity and inclusion remain high on the regulators’ agenda but their proposals are unlikely to address a trail of demoralising situations I’ve seen in practice. I call these micro-exclusions, the small and subtle actions that result in some being favoured over others, certain voices not being heard and those who don’t ‘get on board’ being […]
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Also tagged Adam Grant, brainwriting, culture, diversity, Hidden Potential, lattice management, lattice management system, micro-exclusions, psychological safety, regulators, SMCR, speak out
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What makes an outstanding board?
This started as an article about what makes a board of directors ‘effective’ but I decided that was aiming too low. Why shouldn’t a board be outstanding? Let’s begin though with board effectiveness. 1 Board effectiveness What made the board of a bank or other financial institution ‘effective’ a few years ago won’t hit the […]
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Also tagged board effectiveness, board of directors, boards, challenge, controls, corporate governance, culture, D&I, diversity, EWI, governance, groupthink, KRI, MI, non-executive directors, strategy
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