Risk culture
Risk culture comprises the shared attitudes, values and behaviours that influence how people identify, discuss and respond to risk. Leadership behaviour, incentives, accountability and the treatment of bad news shape it. A policy can support a sound culture, but actual conduct shows whether risk management is embedded.
Worked example
Sales staff are praised for raising concerns about unrealistic customer promises, even when doing so delays revenue. This reinforces a culture in which risk information influences decisions.
Common mistake
Equating a sound risk culture with avoiding every risk, or assuming that a written policy offsets rewards for reckless behaviour.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | SBL | Direct | September 2026–June 2027 |