In 2008, I sat at the back of the Institute boardroom, clutching my notebook like a talisman. I wasn’t a board member yet. I was just “Member, Member Services Committee,” but you could not have convinced me otherwise. Every meeting was a masterclass. Every whisper from the Committee Chairman was a lesson in agenda control. Every casual joke from the Institute’s CEO / Secretary was a calculated move to steer decisions without raising alarms. I learned something most people never figure out until it’s too late: Boardroom success is not about having a seat. It’s about having a spine. You…
Limitations of the R × I assessment and what to do about it
To unlearn bad habits, first experience them. I have shared a lot about the RxI scores. R × I — Risk × Impact — was invented to make risk feel manageable. But in real life, it’s the biggest scam in risk management. It is time to transform it. You can either ditch it or overcome its limitations by providing more context i.e. using the following risk register – by including a story in your risk assessment. Here’s why and how: 1. Risk is not arithmetic. A risk scored 3×5 is not the same as 5×3. One could wipe you out…