Manage risk more effectively. A risk expert shares what's needed most

Chief Risk Officers (CROs) are firefighters, investigators, counselors and -- critically -- the people trained to ensure companies have the systems, frameworks and culture in place to identify, assess and monitor big challenges ahead. They also help teams help teams take meaningful action and chart a path forward. On the launch of the World Economic Forum's Chief Risk Officers Outlook, Bahare Heywood, the first ever CRO at global law firm Clifford Chance, shares her take on the report's highlights as well as the real-world approaches she believes are critical to make risk management effective in any business. She shares strategies she used to create a risk management culture, her personal lessons learned and the one thing all risk management plans must consider right now.