Without proper risk reporting, management’s decisions will be arbitrary—inspired by their intuition or gut feeling. This erratic process of decision-making would create pitfalls during strategy execution and operations as well. In contrast, consistent and on-time reporting of an organization’s risk profile might prompt top management to reconsider whether their exist strategy is still valid or alternative moves are required. Furthermore, it escalates risks as they arise and before they turn to issues.

Devon has extensive experience in developing risk reporting structure that communicates the most pressing risks and risk-related insights to executive leadership to run the business in a more risk-aware manner. We help clients set up Key Risk Indicators to be as early signals of increasing or decreasing risk exposures in different business units or functions. We also generate different styles of risk reports to other stakeholders such as board audit committee, regulators and investors.