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It isn’t hard to imagine the scene: a monthly risk [[operating committee]] meeting with a standing agenda designed systemically and mechanically to identify minimise and manage risks to the business. Some COO functionary will spend a fortnight leading up to the meeting issuing progressively warnings badgering “[[Stakeholder|stakeholders]]” providing their bit of the 300-page [[deck]] that will serve as materials for the meeting, to be circulated 48 hours in advance. | It isn’t hard to imagine the scene: a monthly risk [[operating committee]] meeting with a standing agenda designed systemically and mechanically to identify minimise and manage risks to the business. Some COO functionary will spend a fortnight leading up to the meeting issuing progressively warnings badgering “[[Stakeholder|stakeholders]]” providing their bit of the 300-page [[deck]] that will serve as materials for the meeting, to be circulated 48 hours in advance. | ||
Not a soul will have ''read'' these materials before the meeting | Not a soul will have ''read'' these materials before the meeting — it wouldn’t be physically possible at the average adult reading speed — and nor would one be any wiser if she had: these barely-concealed threats are just the weft and warp of the financial services dominance display. It is all very [[performative]]. As, indeed, is the [[Microsoft PowerPoint|deck]]. | ||
Each risk function will dispatch mid-ranking delegates to the meeting. These are essentially votive lambs, offered up to take a beating, if needed, without making it worse for those who sent them. Their job is to “talk to their slides”, about which they will in practice understand very little, sounding informed enough to pass without remark, but not so informed to prompt a question. If the [[opco]] chair got out of the wrong side of bed, she may snap, should your attestation be a bit anaemic. But there are three hundred pages to get though, and eighteen risk groups presenting, so for most delegates, attendance is a 2-hour-long game of Russian Roulette where there are only a handful of bullets in what is quite a large chamber. | |||
In any case, should the opco chair come for you, her questions will not be, “''where'' is your risk”, but the far stupider question “''why'' are you displaying a risk”, as if “risk” is not an immutable function of commercial life. | In any case, should the opco chair come for you, her questions will not be, “''where'' is your risk”, but the far stupider question “''why'' are you displaying a risk”, as if “risk” is not an immutable function of commercial life. | ||