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RIMS report outlines tips for meetings with executives

Posted On: Jan. 11, 2018 1:39 PM CST

RIMS report outlines tips for meetings with executives

Risk managers should prepare for meetings with their company’s top executives, even if those meetings are informal and one-on-one, recommends the Risk & Insurance Management Society Inc. in a report issued Thursday.

While preparation is a “no-brainer” for marquee meetings such as quarterly board reporting or executive team debriefing, the need to carefully prepare for more informal meetings is less obvious, says New York-based RIMS in its report, “Top Five Steps for Communicating with Executives.”

Other recommendations in the report were:

• Listen carefully. “Don’t dismiss or ignore anything an executive has to say to you about risk management, especially if it is something you have not heard before,” says the report.

• Speak their language. Know as much as possible about the executive that risk management is meeting and do not dismiss the ideas of those without risk management backgrounds. Instead, try to make them a success with the help of risk management oversight.

 Propose solutions. “Executives are not going to have risk management solutions handy,” says the report. “They look to the risk practitioner for guidance and a plan for moving forward.”

 Challenge yourself. Proposing new ideas instead of the same old materials “can have a lot of upside,” the report says.

 Recovering from a setback. If there is a communications problem with executives, “you can always try again,” the report says.