Riskansvar

Riskansvar refers to the obligation within an organization to identify, assess, manage, and disclose risks that could impede achievement of objectives. It covers risks across operations, finances, compliance, strategy and reputation and applies to individuals, teams, and the organization as a whole.

In corporate governance, the board typically holds ultimate risk responsibility, while senior management is charged with designing and operating the risk management framework. A dedicated risk function or chief risk officer may coordinate activities, set risk appetite, and ensure reporting to the board and audit committee.

Core activities include risk identification, evaluation of likelihood and impact, development of risk responses (avoid, mitigate, transfer, accept), control activities, monitoring and reporting. The concept of risk appetite and risk tolerance helps align actions with strategic goals.

Various standards inform riskansvar, such as ISO 31000 and COSO's Enterprise Risk Management framework. In many jurisdictions, risk management is reinforced by internal control requirements and corporate governance codes.

Risk owners are assigned for significant risks; these individuals are responsible for implementing controls and reporting changes. Risk management typically covers operational, financial, compliance, strategic, cyber, and reputational risks.

Effective riskansvar supports informed decision-making, resource allocation, and regulatory compliance while boosting organizational resilience. It requires leadership commitment, culture, ongoing training, and independent oversight.