Appetite is the “A” word. For many it is a vexed issue (see last week’s blog on the benefits of a Risk Appetite Statement).
Operationalisation is the process of translating the board and executive’s appetite for doing business. As is the preference of some, it will be through financial delegations and rates of return on investments, as examples. While many things can be expressed in financial terms, not all can. Even though a project might meet a hurdle rate, it doesn’t mean the whole concept tur




