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InTuneToneattheTopWhitePaper

ItTakesInTuneToneattheToptoShapean
EffectiveRiskManagementCulture
SharedAssessmentsispleasedtoannouncethereleaseoftheShared
AssessmentsProgramwhitepaper:ItTakesInTuneToneattheTopto
ShapeanEffectiveRiskManagementCulture.TheSharedAssessments
RegulatoryComplianceandAuditAwarenessGroupdevelopedthispaper
indirectresponsetotheincreasinglydisturbingfinancial,reputational,
legalandregulatoryconsequencesthat,inpart,arisefrominsufficient
BoardandCSuiteengagementindrivingrobustriskmanagementprogram
development.
InTuneToneattheTopisthefirstofatwopartapproachtodevelopinga
measurable,repeatableapproachtoassessmentofToneattheTop
elements,withparticularsensitivitytothirdpartyriskmanagement.
Developingandmaintainingastrongriskculturerequiresmorethan
writtenpolicy.Goodriskmanagementisheavilyprocessdependentand
withoutriskfocusedleadershipthatenableseffectivestructureandprocess,securityandoperationalriskactivitiesmay
remainsuboptimal.
InTuneToneattheTop:
ProvidesbackgroundontheevolutionofToneattheTopinariskmanagementcontext.
Discussesmetricsthatlinkleadershiptoeffectiveenterpriseriskmanagement.
Proposesattributesthatcanbemeasuredtorevealthebroaderpicturesurroundinganorganizationsriskculture.
SuggestsstepstheBoardandCSuitecantaketocloseanyriskculturedeltasanorganizationtorespondto
problematicriskcultures,iftheyarediscoveredduringsuchanassessment.
ThepaperissponsoredbytheSharedAssessmentsProgram.Whencompleteinthenextphase,theprojectswork
productwillenableexecutivemanagementteamstoreliablyassesstheirriskculturesandtopofthehouserisktone.
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