Page 80 - IRMSA Risk Report 2021

5.1 INTRODUCTION

The value of this last section of the Report lies in the definition of its title: “Our Call to Action”. A call to action is “a piece of content
intended to induce a viewer, reader, or listener to perform a specific act, typically taking the form of an instruction or directive”.

This report has given you views from prominent leaders on how they interpret the global landscape and South Africa’s position in it,
as well as the threats and opportunities of the future. It has offered their advice on doing less of the bad and more of the good. We
have delved into the positioning of our country within a set of scenarios, highlighted the top risks in South Africa and then identified
the skills required to enable the risk profession and leadership to tip the scales in our country’s favour.

5.2 IRMSA’S CALL TO ACTION
It is IRMSA’s conviction that South Africa will not be able to recover from corruption, unemployment and a flailing economy, as well
as the other nine risks, armed only with a full understanding of the risks. Emerging from Covid-19 and striving to become a winning
nation will require visionary and bold leadership by risk professionals and other leaders in organisations; an enabling and applied
risk-management approach; courage; accountability; and education.

The outcome of this call to action is a risk-intelligent public and private sector where leaders at the highest levels embrace an
enterprise-wide culture of integrated risk management to secure South Africa’s future through robust risk-informed decision-
making. In this context, we discuss our call to action under the following headings:

INTEGRATING ADAPTIVENESS BEYOND THE RISK CULTURE LEVERAGING THE
STRATEGY, & AGILITY RISK REGISTER & MATURITY RISK PROFESSIONAL
RISK & RESILIENCE

• Misses, mistakes • Scenario planning • Scenarios and what-if • Tone at the top • Education and train-
and malice allowing for the conversations • Tune in the middle ing
• Threats – less of the development of • Regular strategy • Rhythm on the dance • Defining clear value
bad alternative futures reviews floor expectations
• Opportunities – • Faster decision- • Proactive BCM testing • Other organisational • Professionalisation
more of the good making decision-making and accountability
• Speed of turning data channels to be aligned
into information to with risk appetite and
inform decisions delegation of authority.

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