Path to the Boardroom: Resolver CEO Will Andersons Journey
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Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.
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In today\\u2019s first RIMScast episode of 2022, Justin Smulison is joined by the CEO of Resolver, Will Anderson, to discuss his path to the Boardroom.
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Will shares his personal experience with pitching a risk management program to another board, offers helpful presentation tips and strategies that risk professionals can use as they prepare their own pitches, and shares his general experience and insights as a board member for other companies.
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If you\\u2019re a risk professional on the path to the boardroom, this is a not-to-miss edition of RIMScast.
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Key Takeaways:
[:01] Do you want to reach risk professionals around the world? Here\\u2019s how to sponsor RIMScast.
[:24] About RIMS\\u2019 Global Membership and RIMScast.
[:36] About today\\u2019s episode.
[:47] Upcoming RIMS current offerings.
[1:14] About the upcoming two-day virtual event: 2022 RIMS RiskTech Forum.
[1:52] More about today\\u2019s episode with Will Anderson.
[2:14] Justin welcomes Will Anderson to RIMScast!
[2:22] Will tells about his risk management background leading up to becoming the CEO of Resolver.
[3:08] About the board that Will sits on.
[3:27] How Will successfully pitched a risk management program to the board he sits on.
[4:59] What Sarbanes-Oxley (SOX) is and how it guides risk managers on what they should vs. should not do.
[6:01] Before pitching a successful risk management program, did Will have previous experience pitching to other boards?
[6:38] Was pitching to a board a very formal process?
[7:11] How Will and the audit committee prepare for finding a risk consultancy to work with.
[7:44] Will outlines the next steps asking several consultancies to pitch to them.
[8:19] After helping match the company with a mature risk program, did Will take a backseat as a board member?
[9:19] How Will was able to establish that a risk program was mature.
[10:10] The final results of the risk program that the company went with.
[10:57] Is this process still ongoing? Will they be revisiting the risk program?
[11:45] Would Will say that this was an overall positive and rewarding experience?
[13:09] About the RIMS Mobile App, the RIMS Buyers Guide, and the RIMS 2022 RISKWORLD.
[15:17] Will\\u2019s advice to risk professionals who have a good idea/good method and need to pitch to a board.
[16:19] Will\\u2019s advice to risk professionals that have the right idea or right direction but struggle with \\u201cselling it.\\u201d
[17:06] Will shares how he has been seeing more risk professionals/managers who have achieved board-level status.
[17:44] Has Will met any CEOs with a risk background?
[18:20] Will\\u2019s advice for risk managers/professionals \\u2014 particularly rising stars \\u2014 who are trying to navigate the landscape in 2022 and beyond.
[19:49] Does Will rehearse his pitches beforehand? How does he prepare?
[20:47] Will\\u2019s advice for anybody pitching to a board member.
[24:05] Justin thanks Will Anderson for joining RIMScast and shares where to access the full interview, as well as some of the other links to look out for in this episode\\u2019s show notes.
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Mentioned in this Episode:
RIMS Events, Education, and Services:
TechRisk/RiskTech | RIMS Virtual Event Jan. 26\\u201227, 2022 \\u2014 Register Today!
RIMS 2022 RISKWORLD | April 10\\u201213 in San Francisco! \\u2014 Register now for advance rate pricing!
NEW FOR MEMBERS! RIMS Mobile App
Visit the RIMS Path to the Boardroom Page
Sponsored RIMScast Episodes:
\\u201cEstablishing the Right Assurance to Request From Business Partners\\u201d | Sponsored by HITRUST
\\u201cAon\\u2019s 2021 Retail Industry Overview\\u201d | Sponsored by Aon
\\u201cA Legacy of Resilience\\u201d | Sponsored by J.B. Boda Group
\\u201cThe Golden Era of Insurance\\u201d | Sponsored by The Hartford
\\u201cInsurance Investigation Trends Happening Now\\u201d | Sponsored by Travelers
\\u201cWhat Could a CRO Do for Your Business?\\u201d | Sponsored by Riskonnect
\\u201cHard Reality: A Look at Rising Rates in Property & Excess Casualty\\u201d | Sponsored by AXA XL
\\u201cProperty Valuation Deep Dive\\u201d | Sponsored by T\\xdcV S\\xdcD
\\u201cProperty Loss Control Engineering\\u201d | Sponsored by Prudent Insurance Brokers
NEW RIMSCAST VIDEO: \\u201cClimate Change and Insurance: A Fireside Chat with Dev Bhutani and Deepak Madan\\u201d | Sponsored by Prudent Insurance Brokers Ltd.
Webinars:
Feb. 3, 2022 | \\u201cAre You Prepared for the Changing Environmental Risk Landscape?\\u201d | Sponsored by Beazley
Virtual Workshops:
RIMS-CRMP Exam Prep (Date: January 11\\u201212, 2022) Start your RIMS-CRMP journey today at this interactive virtual prep workshop. You will learn about the exam domains, prepare with case studies and hands-on exercises, and tackle sample exam questions \\u2014 Register here!
Attend the RIMS-CRMP-FED Exam Prep Virtual Workshop presented with George Mason University, February 15\\u201217, 2022 \\u2014 Register by Jan. 17 to save $200!
Risk Appetite Management: This senior-level, virtual workshop teaches you how to navigate the complex and critical area of risk appetite management and how to develop a risk appetite framework that clarifies your company\\u2019s position on risk-taking. January 18-19, 2022 \\u2014 Register by Jan. 17!
More ESG on RIMScast:
\\u201cESG and the Board with Luke Jacobs of Encamp\\u201d
\\u201cA Glimpse of the \\u2018The Reputation Premium\\u2019 with Nir Kossovsky\\u201d
\\u201cThe Future of ERM with Dr. Andrea Bonime-Blanc\\u201d
\\u201cJoseph W. Mayo on ESG Events and How They Impact the Risk Management Community\\u201d
\\u201cThe Tragedy of the Commons with Les Williams\\u201d
RIMS Publications, Content, and Links:
RIMS Membership \\u2014 Whether you are a new member or need to transition, be a part of the global risk management community!
RIMS Advisory Services \\u2014 Ask a Peer
RIMS Coronavirus Information Center
RIMS Risk Leaders Series \\u2014 New interview with RIMS 2021 Risk Manager of the Year Michael Harrington!
RIMS-Certified Risk Management Professional (RIMS-CRMP)
RIMS-CRMP Stories \\u2014 New interview featuring RIMS Treasurer Jennifer Santiago!
Spencer Educational Foundation
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Want to Learn More?
Keep up with the podcast on RIMS.org and listen on iTunes.
Have a question or suggestion? Email: Content@rims.org.
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Join the Conversation!
Follow @RIMSorg on Facebook and Twitter, and LinkedIn.
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Follow up with Our Guest:
Will Anderson\\u2019s LinkedIn
Resolver
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Tweetables (For Social Media Use):
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\\u201cThe purpose of risk is to drive better results. So, SOX is certainly a component of a risk program and they interact. But a mature risk program is really thinking more about the objectives and the strategy of the business, and where you want to take it.\\u201d \\u2014 Will Anderson
\\u201cI would say that risk and SOX are somewhat separate, although related, and should be integrated. \\u201d \\u2014 Will Anderson