A Risk Lens on Governance – A Public Governance Exchange Discussion Paper
Led by Karl Salgo, the Public Governance Exchange of the Institute on Governance held a workshop on July 3, 2013. The workshop put a risk lens on governance by discussing risk management approaches in the Government of Canada and the Government of Ontario. Through the examination conducted for this discussion paper, the IOG found two tendencies in public sector risk management practices. First, that governance issues constitute a distinct sphere of risk for public sector organizations, particularly the escalation of enterprise-level risks to the portfolio, government-wide and societal levels. And second, that despite great improvements in public sector risk management practices, the tendency of risk management to focus on the enterprise level means that governance risk may not be recognized and managed as systematically as other risk areas.