Do you struggle with the risk management function? Read the best practices in the IIA's guidelines. Well-known reasons of failure for successful risk management are lack of clarity, lack of understanding the business and lack of prioritisation of significant risks. For Beerensteyn Partners, it's our daily business. We often see dominating personal risk management and poorly performed risk evaluations at our clients. Note 4.5 can be valuable if you struggle getting risk management on the board agenda. It is also useful as a benchmark if you believe your risk management is in a good shape!