Have you had any success getting execs to document what their risk tolerance is? How did you approach it?

When it comes to documenting an executive's risk tolerance, it's crucial to stress the significance and advantages of explicit risk management. My approach would involve educating them about the value of risk tolerance documentation in guiding decision-making and promoting transparency. To gain a better understanding of their viewpoints and apprehensions, I would encourage discussions while utilizing frameworks and industry examples to give context. By tying risk tolerance to strategic objectives and involving risk management experts, executives can appreciate the importance of documenting risk tolerance. Consistent communication and reviewing the document would guarantee its effectiveness in aligning risk management strategies with organizational goals.