In a volatile environment, defining and communicating risk appetite is not just a compliance task, it is the foundation of clear strategy and effective oversight.  This toolkit equips boards, CEOs and executives to turn risk appetite into a practical decision‑making tool.

Built on governance best practice and tested across ASX-listed, government and purpose-led organisations, it turns risk appetite from a compliance statement into a practical decision-making tool.

Who It’s For

  • ASX-listed and private boards.

  • Large NFPs and for-purpose organisations.

  • CEOs, CFOs, COOs.

  • Audit & Risk Committees.

How It Works

  1. Assess your current position - use the toolkit’s self-assessment to identify gaps.

  2. Draft and refine your risk appetite – with pre-built templates and category guidance.

  3. Embed in governance and operations – integrate appetite into strategy, budgets and performance monitoring.

Risk Appetite Toolkit

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FAQ - Risk Appetite Toolkit

1. What is a risk appetite?

The amount and type of risk an organisation is willing to take to achieve its objectives.

2. Why is defining risk appetite important for boards?

It ensures alignment between strategy, decision-making, and governance - reducing ambiguity and supporting consistent, defensible choices.

3. How often should a risk appetite statement be reviewed?

Annually or whenever there’s a significant strategic, operational, or external change.

4. Is this toolkit suitable for NFPs and corporates?

Yes, it adapts to any organisation needing to align risk‑taking with mission, strategy and resources.

5. Can the toolkit be used without a consultant?

Yes, but facilitation can accelerate adoption and build consensus.

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