Tone From The Top

From Open Risk Manual

Definition

Tone From The Top is an expression frequently used in the context of discussing Risk Culture in a hierarchical organization.

The expression highlights a consensus that soft aspects (as distinct and complementary to formal / legal arrangements) of the behavior of senior management or other senior stakeholders may have a significant impact on the corresponding behavior of staff. In turn this impacts the ability of an institution's Risk Management to manage the variety of risks it is exposed to.

See Also