Leadership quiver for Leaders

 Leadership is something that is not generally associated with risk specifically however it is actually the most important skill for any senior leader, and risk management is but just a single arrow in a quiver of many arrows.

So, when it comes to talking about the innovation of risk, what goes hand in hand with this is the leadership traits of the manager.  For some time now we have been collating some of the things we see as being critical for the success of any senior executive and senior leader in an organisation.  And what better way to display it than in an infographic.  This is another infographic from the Riskographic design team, who we proudly utilise for all our infographics.

What do you consider are the most important things for a leader?  Does it begin with their leadership style?  Or perhaps it is the type of power they yield?  What do you think are the critical skills of a leader?

For us it comes down to the following critical skills:

  • An understanding of business process design and controls;
  • An understanding of risk;
  • An understanding of technology;
  • A focus on people;
  • Understanding and focus on financials (or the numbers); and
  • A vision and/or strategy for the future.

But what makes a leader stand out who has these skills?

For us it is their communication style, and here we consider there to be 4 key styles:

  • Passive;
  • Passive  – Aggressive;
  • Aggressive; and
  • Assertive.

Which one are you most?  Which one do you aspire to be?

Bring together the right leadership style, the right use of power, the right skills and the right communication style and you could be that truly inspirational leader.

Well worth the read and consideration.

Cheers

 

 

 

More from the Reading Room

The Qantas privacy finding: a positive lesson in third-party oversight

A serious data breach does not automatically mean governance failed. The more important question is whether an organisation can demonstrate that it understood the risks,...

APRA’s CPS 230 Tweaks: Small Amendment, Big Governance Signal

APRA has released final targeted amendments to CPS 230 Operational Risk Management. The item is current and sits within APRA’s prudential framework, so boards and risk teams should treat it as a live governance and…

“Cheap and Out of Date”, a Board-Level Resilience Question

A practical risk maturity article using a current event to test ownership, evidence, controls, challenge and decision quality.

Everyone Passed. That’s Not the Point.

APRA's inaugural System Risk Stress Test found four major banks and six super funds individually resilient, but exposed concentration risk and a super-fund liquidity mechanism that could amplify a system-wide shock.