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GOVERNANCE GLOSSARY

R is for...


Risk statement

Governance Glossary

Risk Statement

A risk statement (or statement of risk) describes what could go wrong (or right), why it might happen, and what the consequences would be. It is a standard part of the risk management process, used to …

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Better Boards

May 5, 2025 · 7 mins
Risk appetite

Governance Glossary

Risk Appetite

Jump to Section What is risk appetite? Why does risk appetite matter? Risk appetite statement Risk appetite and culture Monitoring risk appetite Risk appetite statement examples Example 1: Small …

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Better Boards

Jun 6, 2024 · 12 mins
Risk matrix company documents

Governance Glossary

Risk Matrix

Jump to Section What is a risk matrix? Advantages and disadvantages of a risk matrix How to create a risk matrix 5x5 Matrix Risk Assessment Matrix Example Risk Assessment Matrix How to use a risk …

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Better Boards

Jun 6, 2024 · 8 mins
Risk register

Governance Glossary

Risk Register

If your organisation plans complex projects, collects personal information, or works with vulnerable people, the number of risks you need to track grows fast. A risk register is how you keep that list …

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Better Boards

Apr 14, 2024 · 6 mins

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