The Central Bank of Ireland released their Regulatory & Supervisory Outlook Report in February 2024. The aim of this report was to outline their perspective on the key trends and risks that are shaping the operating landscape of the financial services sector. Within this context on this week’s episode, Gustavo Pregoni, Member of the Institute's Prudential Regulations and Governance Working Group speaks with Professor Simon Haslam, Programme Lead - Strategy, Institute of Directors to discuss implications of strategic risk as one of the key risks considered by the regulator in this report. Professor Simon Haslam discusses the Importance of Strategy, how to set a Business Strategy and outlines what a good strategy looks like. Simon describes how to ensure your strategy meets the expectations of the different stakeholders and how to ensure strategic decisions are proactively aligned with organisational capability and risk appetite of the entity. Simon also discusses Strategy Governance: Roles and Responsibilities and Board Reporting.