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    Risk is not what you think will happen; it is what you are not seeing

    July 9, 2025 / No Comments

    I once facilitated a board risk retreat for a fast-growing financial services firm. They had just crossed the 500 billion shilling mark in assets. Celebration everywhere. Balloons. Banners. Speeches. But I noticed something odd in the boardroom. Every risk they mentioned was either on their risk register or in their last audit report. Not one board member asked, “What are we blind to?” I asked the members to reflect: “What if your biggest risk isn’t in the room? What if it is the thing you are not talking about because it is invisible to your current systems?” That is the danger. We…

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