Operational Risk and Resilience

•

Decide whether the board or a board committee will

conduct the regular reviews required.

•

Decide on timing in relation to transitional arrange-

ments.

•

Obtain approval for the proposed approach from the

full board.

•

Consider how to build and maintain momentum.

•

Have you identified a board level sponsor?

•

Do you need to set up a steering group?

•

Have you identified a change manager or process

owner?

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Do you have the necessary skills and time?

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Is there training needed?

•

How do you incentivize the business to adopt any rec-

ommendations?

•

Communicate and roll out to business managers –

baseline exercise, ongoing reporting regime.

•

Monitor progress against deadlines. ...