COVID-19 has raised our awareness of uncertainty and volatility, and emphasised our need to build resilience to mitigate future risks. Governance and risk professionals have an important leadership role to play in this process.
The Global Risk report 2021 (World Economic Forum) clearly states that: “Strengthening strategic foresight is now more important than ever. With the world more attuned to risk, there is an opportunity to leverage attention and find more effective ways to identify and communicate risk to decision-makers.”
The recent Future of the risk management professional report (Governance Institute of Australia) also states that:
- People skills are more important than data analytics skills. 81% of respondents believe creative, out of the box thinking will be required to be effective, 80% believe communications and stakeholder engagement skills are needed, and 70% data analytics skills.
- Many are not yet well prepared to meet future challenges as reflected by 69% of respondents.
To become a more effective and impactful leader today calls for something entirely new.