{"id":3096,"date":"2025-10-21T11:08:20","date_gmt":"2025-10-21T10:08:20","guid":{"rendered":"https:\/\/deruijter.net\/?p=3096"},"modified":"2025-10-21T13:07:36","modified_gmt":"2025-10-21T12:07:36","slug":"strategic-risk-management","status":"publish","type":"post","link":"https:\/\/deruijter.net\/en\/strategic-risk-management\/","title":{"rendered":"How boards can manage an increasingly varied set of risks"},"content":{"rendered":"\n<p>The Institute of Chartered Accountants in England and Wales (ICAEW) \u2014 a leading UK professional body for accountants and business leaders \u2014 recently interviewed <a href=\"https:\/\/deruijter.net\/en\/paul-de-ruijter\/\">Paul de Ruijter<\/a> about how corporate boards are managing an increasingly diverse set of risks. From financial volatility to AI disruption and ESG challenges, Paul shares how boards can shift from <em>compliance-driven risk management<\/em> to <em>strategic risk management<\/em>.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">From risk avoidance to strategic opportunity<\/h4>\n\n\n\n<p>Boards that treat risk only as a compliance issue risk missing out on strategic advantage. Risks are not just threats \u2014 they are opportunities to innovate, differentiate, and grow. This mindset moves organizations from a defensive to a forward-looking approach. Scenario planning, once optional, is now a vital tool for anticipating future developments and shaping decisions before crises occur.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Seeing the connections between risks<\/h4>\n\n\n\n<p>Corporate risks are increasingly interconnected. Financial, technological, environmental, and reputational issues influence each other and can escalate quickly. Successful boards look at the full picture instead of managing risks in isolation. They build resilience by coordinating their audit, risk, and remuneration committees and by ensuring that every decision considers both direct and indirect effects.<\/p>\n\n\n\n<p>Complex challenges require diverse ways of thinking. Boards that combine expertise from finance, law, technology, and social sciences are better equipped to recognize blind spots and question assumptions. True governance strength comes from diversity of thought and a culture that encourages open dialogue rather than strict hierarchy.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Balancing risk and return<\/h4>\n\n\n\n<p>No organization can grow without taking some level of risk. While financial risks are often familiar, non-financial aspects such as sustainability, ethics, and culture are now just as decisive. <\/p>\n\n\n\n<figure class=\"wp-block-pullquote\"><blockquote><p>\u201cThere is no return without risk. So, you also need to be risk seeking.\u201d<\/p><\/blockquote><\/figure>\n\n\n\n<p>Resilient boards define their risk appetite clearly and align it with their purpose and long-term goals. By treating risk as a source of insight and opportunity, organizations can stay agile and future-focused. Those that prepare with foresight will lead; those that don\u2019t will be left behind.<\/p>\n\n\n\n<p>Discover more insights in the full ICAEW interview here: <a href=\"https:\/\/www.icaew.com\/insights\/viewpoints-on-the-news\/2025\/oct-2025\/how-are-boards-managing-an-increasing-varied-set-of-risks?utm_campaign=Members%20-%20ICAEW&amp;utm_medium=email&amp;utm_source=2987828_ICAEWDaily_News_7October2025&amp;utm_content=How%20are%20boards%20managing%20an%20increasing%20varied%20set%20of%20risks%3F&amp;dm_i=47WY,1S1F8,9262RQ,8DJ37,1\">How are boards managing an increasingly varied set of risks?<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Institute of Chartered Accountants in England and Wales (ICAEW) \u2014 a leading UK professional body for accountants and business leaders \u2014 recently interviewed Paul de Ruijter about how corporate boards are managing an increasingly diverse set of risks. From financial volatility to AI disruption and ESG challenges, Paul shares how boards can shift from [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":3097,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"sector":[21,22],"class_list":["post-3096","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","sector-business","sector-industry-associations"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How boards can manage an increasingly varied set of risks - De Ruijter Strategy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/deruijter.net\/en\/strategic-risk-management\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How boards can manage an increasingly varied set of risks - De Ruijter Strategy\" \/>\n<meta property=\"og:description\" content=\"The Institute of Chartered Accountants in England and Wales (ICAEW) \u2014 a leading UK professional body for accountants and business leaders \u2014 recently interviewed Paul de Ruijter about how corporate boards are managing an increasingly diverse set of risks. From financial volatility to AI disruption and ESG challenges, Paul shares how boards can shift from [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/deruijter.net\/en\/strategic-risk-management\/\" \/>\n<meta property=\"og:site_name\" content=\"De Ruijter Strategy\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-21T10:08:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-21T12:07:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/deruijter.net\/wp-content\/uploads\/2025\/10\/social-connections-community-interactions-2024-10-18-05-22-32-utc-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1582\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Iris\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Iris\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/deruijter.net\/en\/strategic-risk-management\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/deruijter.net\/en\/strategic-risk-management\/\"},\"author\":{\"name\":\"Iris\",\"@id\":\"https:\/\/deruijter.net\/en\/#\/schema\/person\/4fd7aaec16eda565f276c1614d760f4e\"},\"headline\":\"How boards can manage an increasingly varied set of risks\",\"datePublished\":\"2025-10-21T10:08:20+00:00\",\"dateModified\":\"2025-10-21T12:07:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/deruijter.net\/en\/strategic-risk-management\/\"},\"wordCount\":353,\"publisher\":{\"@id\":\"https:\/\/deruijter.net\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/deruijter.net\/en\/strategic-risk-management\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/deruijter.net\/wp-content\/uploads\/2025\/10\/social-connections-community-interactions-2024-10-18-05-22-32-utc-scaled.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/deruijter.net\/en\/strategic-risk-management\/\",\"url\":\"https:\/\/deruijter.net\/en\/strategic-risk-management\/\",\"name\":\"How boards can manage an increasingly varied set of risks - De Ruijter Strategy\",\"isPartOf\":{\"@id\":\"https:\/\/deruijter.net\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/deruijter.net\/en\/strategic-risk-management\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/deruijter.net\/en\/strategic-risk-management\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/deruijter.net\/wp-content\/uploads\/2025\/10\/social-connections-community-interactions-2024-10-18-05-22-32-utc-scaled.jpg\",\"datePublished\":\"2025-10-21T10:08:20+00:00\",\"dateModified\":\"2025-10-21T12:07:36+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/deruijter.net\/en\/strategic-risk-management\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/deruijter.net\/en\/strategic-risk-management\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/deruijter.net\/en\/strategic-risk-management\/#primaryimage\",\"url\":\"https:\/\/deruijter.net\/wp-content\/uploads\/2025\/10\/social-connections-community-interactions-2024-10-18-05-22-32-utc-scaled.jpg\",\"contentUrl\":\"https:\/\/deruijter.net\/wp-content\/uploads\/2025\/10\/social-connections-community-interactions-2024-10-18-05-22-32-utc-scaled.jpg\",\"width\":2560,\"height\":1582,\"caption\":\"3D illustration of pawns linked together by many golden lines over black background. 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