OECD Public Governance Policy Papers
These Papers provide insights from OECD work on public governance, which looks at how governments design and implement strategic, evidence-based and innovative policies to respond to diverse and challenges and deliver on government’s commitments to citizens.
- ISSN: 27079171 (online)
- https://doi.org/10.1787/14e1c5e8-en-fr
Framework on management of emerging critical risks
The global risk landscape is rapidly evolving due to interconnected economies, societies, and technologies. To manage emerging critical risks, governments must anticipate, understand, and address these risks, which are transboundary, highly uncertain, and systemic. This Framework, supporting the OECD Recommendation on the Governance of Critical Risks, outlines a seven-step process for managing such risks. The steps include identifying and assessing risks, sharing information, evaluating management maturity, and developing strategic recommendations. Exercises are conducted to validate gaps and proposed solutions, while strategic plans ensure flexibility and adaptability in response to risks. Implementation integrates these emerging risks into traditional risk management processes, fostering resilience against current and future challenges. It provides a structured process for governments to validate identified gaps in knowledge, authorities and capabilities needed to manage emerging risks and to validate plans for building-in flexibility and adaptability to unforeseen or poorly understood risks.
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