Following a successful 2018 that saw over
Note: this is a tentative schedule and is subject to change as we continuously review the compliance training needs of our clients.
Following a successful 2018 that saw over
Note: this is a tentative schedule and is subject to change as we continuously review the compliance training needs of our clients.
Risk managers have a unique and privileged position in terms of being able to recognise and assist in countering unconscious bias, either explicit or implicit. When assessing and discussing risks, we are given direct access to what happens in all areas of the business and have the opportunity to observe behaviours first hand. When we notice biases as part of our role, we can help to implement measures or nudges that encourage a change in behaviour and improve culture.
Here are some practical techniques that can be used to counter the risk of unconscious bias influencing our business decisions.
While conducting surveys is a standard technique for risk assessments, it is helpful in reducing bias from several perspectives. It helps to focus the conversation in subsequent meetings and elicits a personal view of the subject at hand, thereby avoiding groupthink.
Theresa May called a general election expecting, we all assume, that she would have an easy ride back into 10 Downing Street. While she still enjoys a commanding lead over the Labour party, this has narrowed in recent weeks. The Tories are still odds-on favourite to win, although elections can often throw up surprises.
Now the manifestos of all the major parties have been published, we can glean some idea of what will be changing in the compliance landscape no matter who the Prime Minister will be after the election. Of course, should the election result in a hung parliament, manifesto pledges can be traded and bartered away, and promises made before an election can often be forgotten in the glow of victory.
Nevertheless, it’s always a good idea to consider the potential risks of an election outcome, and start to prepare accordingly.
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