Risk Governance

Risk governance is a systemic approach to decision making processes associated to natural and technological risks, based on the principles of cooperation, participation, mitigation and sustainability, adopted to achieve more effective risk management, that is convergent with other public and private policies. The starting point of this approach is that stakeholders jointly make decisions on how to handle (unknown) uncertainties.

Active participation in the process is required. Risk Governance aims to decrease risks without making a halt on new developments and discoveries. It means to acknowledge the existence of uncertainties and to co-exist with them in a healthy way.

Risk governance involves questions such as: How do stakeholders perceive and experience risks? Is there transparency in decision making? How can we actively involve different groups? From businesses, governments and citizens. In what way do these groups carry responsibilities? Is there a plan in place for “early signals” of possible negative effects?

RISKID supports the Risk Governance approach by offering the possibility to involve all stakeholders in the process and leave no one behind. This way awareness, stakeholder involvement and shared understanding will be created; the three pillars for a successful Risk Governance approach.

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