Airmic: Resilience advice for boards in the digital era

The digital revolution has profoundly altered underlying business and organisational dynamics to the extent that approaches to risk, governance and resilience need a major rethink. This is the message within a new Airmic guide for boards and senior executives seeking to manage risk and resilience in this context.

It argues that the challenges of the digital age are far broader than cyber security issues. As a result, businesses will need to reskill and introduce new mechanisms to ensure effective governance, monitoring, strategic leadership and, ultimately, legitimacy for their organisations.

It advises that the risks associated with digital transformation can be addressed effectively given the right approach, and outlines Airmic’s Resilience and Transformation Model - a comprehensive and coherent structure designed to enable organisations to embrace advances in technology.

“Achieving and maintaining resilience in the digital era is a huge challenge and requires significant board-level support,” commented Julia Graham, deputy CEO and technical director at Airmic. “The digital era is fundamentally altering the basic principles of resilience. Constant reinvention is now necessary for success and that’s a vital message for boardrooms.

“This report distils our research into the key messages for board members. Resilience is not an end game, it’s a constant process, and it’s important that the risk community continually reinforces this message at the very top of their organisations.”

The boardroom edition of the Cass Business School and Airmic guide to resilience in the digital era, Roads to Ruin, can be viewed on the Airmic website.

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