Behavioural Risk Management definition

Managing the individual and organisational behavioural risks in an organisation and ensuring that the potential for damage from risk is mitigated. Individual risks involve the behaviours of employees and directors and how the decisions they make and the actions they take may open the business up to risk. Organisational behaviour is collective behaviours taken by the organisation which could increase risk.

You may also find reference to enterprise behavioural risk management (EBRM), which refers to behavioural risk management throughout larger, often multinational, companies.