1. Extended Enterprise Risk: Managing Complexity in 21 st Century Organisations Carolyn Williams, Technical Director, Institute of Risk Management 30 January 2014

2. What is thought leadership?

3. Recognition – Attributes of a profession Recognised standards Codes of ethics and behaviour Proven knowledge by qualification Portable and transferable skills Continuing professional development (CPD) Recognition of experience and achievement

4. Thought Leadership Focus Enterprise risk management Professional competence, qualifications and training Emerging and potentially widespread risk Interface between risk management and other disciplines Steering group

5. Thought Leadership Research Projects

6. © 2012 Centre for Health Enterprise 6 Complex systems A complex system is one in which even knowing everything there is to know about the system is not sufficient to predict precisely what will happen.

7. © 2012 Centre for Health Enterprise 7 A complex system is one in which even knowing everything there is to know about the system is not sufficient to predict precisely what will happen. Complex systems cannot be controlled – only influenced Simple systems behave more like complex systems when under stress Complex systems www.apod.nasa/apod

8. Extended enterprise risk Complex systems analysis Shared value models Innovation Standards and assurance Changing models in the public sector Leadership v management Risk management competencies IT and the cloud Communication and governance

9. Extended enterprise risk

10. Complex systems and network analysis Identify boundaries Identify flows and connections Model the network Network analysis – density, complexity –How quickly information flows in different parts –Critical points for failure - bottlenecks

11. © 2012 Centre for Health Enterprise 11 Draw on widely diverse perspectives Adopt open enquiring mindset Go out of your way to make connections Tasks & ideas Relationships & behaviours Be Clear Be Curious Be Courageous Invest in promoting values Establish compelling vision Embrace uncertainty Distribute leadership & decisions Desired leadership characteristic

12. Risk management competencies in the extended enterprise Comfortable with ambiguity, paradox and conflicting ideas Negotiation skills Conflict management Organisational ability Strategic ability and future scanning

13. Other IRM Developments Cyber Risk ‘Sharnbull’ guidance New digital platform Revised Certificate and Diploma Certification Global Risk Awards

14. Tuesday 20 May 2014, London

15. Email: carolyn.williams@theirm.org Tel: +44(0)20 7709 9808 Fax: +44(0)20 7709 0716 Institute of Risk Management 6 Lloyd’s Avenue London EC3N 3AX United Kingdom www.theirm.org