- This blog carries a series of posts and articles, mostly written by Anthony Fitzsimmons under the aegis of Reputability LLP, a business that is no longer trading as such. Anthony is a thought leader in reputational risk and its root causes, behavioural, organisational and leadership risk. His book 'Rethinking Reputational Risk' was widely acclaimed. Led by Anthony, Reputability helped business leaders to find, understand and deal with these widespread but hidden risks that regularly cause reputational disasters. You can contact Anthony via anthony.fitzsimmons At cranfield dot ac dot uk
Wednesday, 3 April 2013
Gamekeeper turns poacher
Nathan Bostock, RBS' talented Chief Risk Officer, finally decided to stay with RBS. His reward is to become its Chief Financial Officer.
Is it a good idea for a CRO to become a CFO or Chief Executive at the same company? Apart from knowing where all the bodies are buried, they should also know everything about how risk is monitored and (hopefully) kept under control. They probably know more than anyone else about the system's weaknesses. And they have been the boss of everyone in the risk control system except, if an outsider, their successor.
That kind of mix is filled with potentially lethal behavioural and organisational risks - though of course the loss of such a knowledgeable and experienced individual would be a serious blow to RBS.
So to the question: as RBS' CRO, should Nathan Bostock block his own promotion to CFO? A tricky one.
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