Developing your Risk Appetite Statement
By Joshua Stabler – Energy Edge Managing Director
The Risk Appetite Statement is a critical document to communicate between a business’s board and executive team.
It is normal for a board to have a wide range of industry background and experience to bring a breadth of capability. Therefore, how does a board set their appetite independently of the executive?
Why use Energy Edge?
- We are fearlessly independent.
- We bring 15 years experience in helping energy trading businesses develop their trading capability.
- We have our own energy markets training program (the Australian Energy Market Masterclass) to rapidly bring the relevant skills of the board up to speed.
- We have our own risk management systems to bring our own independent approach to assess risk.
How does it help?
A board that understand their risks are more about to articulate their expectations to the executive.