Actively managing risk culture in energy firms: part two

Cultural failings have played a critical role in many well-publicised energy risk management failures, but risk culture is challenging to monitor and assess. In the second part of this series, Carlos Blanco, Jean Hinrichs and Robert Mark propose a solution

In our first article on creating a risk culture framework, we defined risk culture as the values and norms of behaviour related to managing risk in an organisation. We also presented a unique integrated risk culture framework with four characteristics and 14 underlying dimensions to actively manage the risk culture of any organisation.

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