Freedom to Fail: Risk Appetite for Innovation

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Board Perspectives: Risk Oversight, Issue 168 - Finding the Equilibrium between Risk Appetite and Innovation

At a recent NACD Master Class event, Protiviti moderated a discussion among the participating directors about making innovation work in today’s rapidly evolving and disruptive markets. Framing risk appetite for innovation is about unleashing creativity and accepting failure as a natural part of the process. The focus is on the upside of unlocking untapped potential, identifying new revenue streams, improving operational efficiency and enhancing the customer experience.  

In this issue of Board Perspectives, we explore how boards can thrive in a rapidly changing world by fostering a higher risk appetite for innovation. 

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