If you work for a large organization, especially public or otherwise regulated companies, then you may well have faced the prospect of developing a risk appetite statement. You might have been enthusiastic about this or possibly compelled by a Board member, a regulator or auditor to do it. This can end up being a "check the box” exercise to develop some abstract statement that no one really uses or values. But it doesn’t have to be this way. Risk appetite, or more specifically, definitio...
