Impact Trust • Working glossary

Risk governance

How institutions organise to understand and manage risks.

Details

Our Take
Sounds technocratic; describing the practices works better than naming it. The underlying question is straightforward: who is responsible for understanding, deciding about, and acting on risks? The answer is often unclear - responsibilities are distributed in ways that create both gaps and overlaps.
Examples of Use
UN, IFRC, policy community
Synonyms/Variants
Risk management structures; Risk oversight; Institutional risk frameworks
Typical everyday wording
Who is responsible for understanding and managing risks.