Risk Disclosure as a Resilience Tool in Central Governments: Assessing Current Practices in the United Kingdom and the Netherlands
Ekaterina Svetlova et al.
Abstract
To be resilient, governments must quickly adapt their policies and working methods to new and uncertain situations. This article examines whether risk disclosure, as part of the anticipatory capacities of these organizations, can help identify and mitigate vulnerabilities. To explore these issues, we conducted a textual analysis of departmental annual reports and semi‐structured interviews with regulators, accountants, and risk management specialists from three governmental departments in each of the two countries: the United Kingdom and the Netherlands. Our findings indicate that current risk reporting practices are insufficient to enhance the resilience of governmental organizations. Reported risks are predominantly backward‐looking, with limited recognition of changes over time and a reluctance to acknowledge vulnerabilities. This approach to risk reporting is shaped by a disconnect between internal risk management practices and risk disclosure, the complexity of governmental risks, skepticism about users’ ability and willingness to understand technical details, departmental cultures, and political influence. Nonetheless, significant variation exists in risk management and reporting practices among departments.
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.50 × 0.4 = 0.20 |
| M · momentum | 0.50 × 0.15 = 0.07 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.