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The one bad apple spoiling the whole barrel has become a common metaphor used with reference to risk culture in organisations. This “inside-out” perspective begins with the individual as the unit of analysis and follows with inferences to the broader environment. Since the Global Financial Crisis (GFC) of 2008, risk culture for many has become the explanation for shortcomings, poor decisions, and moral failures in organisations. This volume presents an institutional perspective of the forces that shape risk culture, and culture more generally, in organisations through a multi-disciplinary...

The definitive volume on risk culture for professionals working in the financial services, insurance, and central services at global corporations. This intellectual revivification of risk culture challenges preconceptions and helps organisations better appraise their own (risk) cultures.