When seeking a definition for the word ‘risk', you will be met with terms that evoke danger or a serious threat to safety. This sentiment is reinforced by numerous examples of risk-taking behaviour that continue to hit the headlines. The resounding message is clear – risk should be avoided at all costs. Well, I hope not entirely. 

Recently, over the course of just a few days I heard leaders from regulatory or stewardship bodies give clear recognition to the role that risk needs to play in improving productivity and public service delivery.