Estimated Reading Time: 6 minutes
By Melanie Lockwood Herman
Collecting data (what keeps you up at night?), sorting data (let’s sort these risks by likelihood and impact scores), and promising protection (here’s a list of all the things we’re doing to mitigate our risks) are famously familiar tasks in risk management. If you include the time asking, pleading and reminding colleagues to complete your risk survey, the workload for these seemingly simple tasks begins to add up. And don’t forget to include the hours spent massaging risk reports to exude confidence instead of frustration and vulnerability.
What would happen if we completely re-imagined the risk function as one focused on truly understanding—without judgment—the worries that team members express or keep to themselves? What if, instead of asking people to score named risks based on wild guesses about likelihood and impact, we responded with curiosity by asking them questions:
If you’re wondering whether questions such as these could turn a ‘simple’ risk questionnaire into a monstrous survey that would never be completed, you’re right. That’s why these questions are not suited for surveys. Spoiler alert: going beneath the surface of a significant risk to understand risk nuances and elevate mission success cannot be accomplished in a survey, simple or otherwise.
To go beneath the surface of your nonprofit’s top risks (possibilities), ground yourself in receptivity. In his book How to Know a Person: The Art of Seeing Others Deeply and Being Deeply Seen, David Brooks writes that “Being receptive means overcoming insecurities and self-pre-occupation and opening yourself up to the experience of another. It means you resist the urge to project your own viewpoint; you do not ask, “How would I feel if I were in your shoes?” Instead, you are patiently ready for what the other person is offering.”
If I’m being brutally honest, I struggle with receptivity. I’m often overcome by a feeling that people who ask me questions about risk want clear, succinct and confident answers. They are calling or asking because they hope I know. They expect I will know. My instinct is to meet them by saying, “This is what I’ve learned…” or “This is what I would do.” But that advice is based on my own unique collection of life lessons in circumstances that may be far afield from what the caller faces. I often wonder whether my feedback has been truly helpful, or “thank you for your help” is simply a polite, pre-programmed response from someone worried they were interrupting a busy colleague.
Curiosity is a risk management superpower. It’s far more valuable and precious than knowledge of state and federal laws (all accessible with Internet access and decent search skills), familiarity with well-known ‘risk frameworks,’ or the ability to efficiently sort risk data in a spreadsheet. Curiosity leads you to the deep, the heart of the matter, the exciting opportunity to understand possibilities and build true resilience. In her book I Never Thought of It That Way, Monica Guzman writes that “What am I missing?” is not just any question. It’s the question. It’s the doorstop to put down in the hallways of your mind, pathway after pathway, to keep open possibilities from slamming into harmful assumptions.”
Together, receptivity to another’s experience and perspective, and curiosity—your most powerful risk tool—can enable and bolster trusting conversations about the ‘what ifs’ of organizational life.
I want to challenge you to a risk resolution that doesn’t require you to cut back on carbohydrates or eliminate a favorite treat from your diet. My challenge is an invitation to engage in at least one trusting, deep conversation about a critical risk every week for the next six weeks.
Your quest: to determine whether trusting conversations about risk can illuminate hidden or poorly understood causes and consequences, as well as promising and meaningful risk responses. A potential bonus: a deeper connection to the people who have bravely voiced concerns about your top risks.
First, identify 6 risks—future possibilities—that rise to the top in your recent risk work. Next, identify 6 people you believe might have a unique view, perspective or insights on those 6 risks. Don’t cheat: if you’re thinking one person has the deepest understanding of all 6 risks, think again. To accomplish this risk quest, you need to engage with a half-dozen unique humans. Now prep the questions and topics you’ll delve into during these conversations, as well as your introduction. Here’s a customizable conversation starter:
“During our time together, I want to hear and truly understand this risk from your perspective. I’m going to work hard not to interject my personal views and biases, and instead focus on learning and understanding your experience with this issue.”
Here are some of the questions you might consider and adapt to suit your conversations:
At the end of your six week Risk Quest, put your notes aside for at least a week. After a week has passed, re-read your notes and reflect on what you heard. Consider using these question prompts to amplify reflection:
Your final task: reflect back what you learned. Decide what you will do differently as a result of these conversations. Share your reflections in follow-up conversations with the people who so bravely confided their thoughts, ideas and worries. This is not fodder for a breezy, nothing-to-see-here board risk report. This is an investment in your leadership, your team, and your nonprofit’s future.
“First let me congratulate you on a conference well done. I had a great time at the Nonprofit Employee Benefits Conference and walked away with some valuable tools and questions that we’ll need to be addressing in both the short and long term. Thanks to you and your staff for all you do to provide us with quality resources in support of our missions.”
“BBYO’s engagement of the Center to conduct a risk assessment was one of the most valuable processes undertaken over the past five years. Numerous programmatic and procedural changes were recommended and have since been implemented. Additionally, dozens (literally) of insurance coverage gaps were identified that would never have been without the work of the Center. This assessment led to a broker bidding process that resulted in BBYO’s selection of a new broker that we have been extremely satisfied with. I unconditionally recommend the Center for their consultative services.
“Melanie Herman has provided expert, insightful, timely and well resourced information to our Executive Team and Board of Directors. Our corporation recently experienced massive growth through merger and the Board has been working to better integrate their expanded set of roles and responsibilities. Melanie presented at our Annual Board of Director’s Retreat and captured the interest of our Board members. As a result of her excellent presentation the Board has engaged in focused review which is having immediate effects on governance.”
“The Nonprofit Risk Management Center has been an outstanding partner for us. They are attentive to our needs, and work hard to successfully meet our requests for information. Being an Affiliate member gave us access to so many time- and money-saving resources that it easily paid for itself! Nonprofit Risk Management Center is truly a valued partner of The Community Foundation of Elkhart County and we are continuously able to optimize staff time with the support given by their team.”
“The board and staff of the Prince George’s Child Resource Center are extremely pleased with the results of the risk assessment conducted by the Nonprofit Risk Management Center. A thorough scan revealed that while we are a well run organization, we had risks that we never imagined. We are grateful to know that we have now minimized our organizational risks and we recommend the Center to other nonprofits.”
Great American Insurance Group’s Specialty Human Services is committed to protecting those who improve your communities. The Center team has committed to delivering dynamic risk management solutions tailored to nonprofit organizations. These organizations have many and varied risk issues, hence the need for specialized coverage and expert knowledge for their protection. We’ve had Melanie speak on several occasions to employees and our agents. She is always on point and delivers such great value. Thank you for the terrific partnership and allowing our nonprofits to focus on their mission!