The Office of the United Nations High Commissioner for Refugees (UNHCR) held its 75th Executive Committee session from 14 October to 18 October 2024. Among many items on the agenda, the increasing commitment to risk management strategies adopted by the organisation was highlighted both in the opening statements by the High Commissioner and remarks by the Deputy High Commissioner for Protection. These references reiterated the ongoing commitment of the UNHCR to transforming its structure and conduct to have a stronger focus on region-specific, field-dominated concerns and managing risks on the ground more effectively. Reference to risk management by international organisations is not rare in the form of adoption of “enterprise risk management” strategies. Enterprise risk management (ERM) is a holistic risk management agenda that systematically analyses risks that could arise in the operations of international organisations, identifies potential damage and harms that might be faced by the organisation as a result, and creates a particular “risk appetite” which creates a space of operation whereby it is strategically advantageous or tolerable for the organisation to operate. While ERM is a holistic concept, encompassing multiple forms of risk, the international organisations’ literature mainly emphasises financial, operational, or political risks and demonstrates how the introduction of risk management strategies could potentially reshape organisational decision-making, where international organisations are moving away from operating with the clear boundaries set by the legal mandate of the organisation, to adopt more flexible, and potentially expansive operational spaces that are dynamically set by the potential risk appetite, and risk calculation for a particular domain. Hence, the proliferation of risk management strategies could potentially replace the delimitation of the international organisation’s functions by its legal mandate with risk calculations and make the organisation more prone to taking risks potentially engaging in conduct that is conventionally beyond its mandate.
Talk Your Book: Direct to Consumer Venture Capital – Go Health Pro
Today’s Talk Your Book is brought to you by The Cashmere Fund: See here for more information on accessing Venture Capital with the Cashmere Fund On today’s show, we discuss: Celebrity connections within Venture Capital Utilizing networks for private investments How Cashmere was able to bring this to retail investors The tech stack needed to … Read more
