Approach to risk
Taught by Peter Woolley · AI tutor support included
In this video, you'll learn how organisations structure their approach to managing risk through formal processes and governance frameworks.
This lesson is part of a paid course
Buy the course to unlock every video lesson and the AI Tutor, plus mock exams with feedback on CIMA courses.
Already bought? Sign in
Ask the AI tutor anything about this lesson
It knows every lesson in the course — explanations, clarifications, practice questions.
In this lesson
- 0:00 Introduction to formal risk management processes
- 1:44 Control environment and board responsibility
- 3:19 Board committees and risk governance structure
- 5:15 Risk manager role and operational embedding
- 7:07 External risk reporting requirements overview
- 8:40 UK corporate governance code disclosures
- 10:07 Why risk disclosure matters to investors
About this lesson
You'll discover why the control environment—the tone and culture set by the board—matters more than procedures alone, and how risk management responsibility flows from the board through dedicated committees and risk managers to operational teams. The video covers the practical machinery organisations put in place, including risk committees and risk management functions, and explains the external reporting requirements that vary by jurisdiction, from Sarbanes-Oxley in the US to the UK Corporate Governance Code. Understanding this framework is essential for P3 Risk Management and helps you see how effective risk governance actually protects investor confidence and organisational value.
Duration: 12m
Transcript
Every lesson comes with a full searchable transcript - included with the course.
Get the P3 Objective Test course
All 58 video lessons, timed mock exams marked instantly with an explanation for every question, an AI Tutor in every lesson and lifetime access.
Already bought? Sign in