March In-Person and Livestream tech talk: ‘What were they thinking?’ Limbic risk – The missing link in risk management

Join the Southern Queensland Branch for their March In-Person and Livestream tech talk: 'What were they thinking?’ Limbic Risk – The missing link in risk management.

About this event

Bring together your teams and enjoy networking opportunities, finger food, and a tech talk from Nada Wentzel, CEO and Co-Founder of Jonah Group.

In most industries, risk management predominantly focuses on physical risk, identifying hazards or hazardous processes, calculating associated risk and defining critical controls to mitigate risks to an acceptable or ALARP (As Low As Reasonably Practicable) level. Whilst this makes sense, it requires operators to have the discipline to implement the controls and stick with the associated procedures. 
This not only means operators need to value the risk management processes (how often are documents just signed to comply versus actually discussing risk and controls) but secondly, the brain needs to perceive the concerning risks as real. This is where limbic risk appears.

The conventional approach to risk management assumes that humans are a thinking species. We are required to constantly focus on our job and our environment, detect all hazards around us and behave accordingly. Most of our behaviour is either based on emotion often caused by our social environment or it is habitual in nature where our brain assumes that circumstances are the same as they have been so many times in the past. The latter is highly relevant when discussing complacency, which in our view is a highly misunderstood concept.

So, what do we mean by limbic risk? Limbic risk consists of 5 states which potentially compromise how the brain perceives risks present in our environment. They are: Pressure, distraction, irritation, fatigue, and complacency. Are we ready to expand our definition of risk management and what can we do about it?

In-Person Program
5:30pm - 6:00pm: Guest arrival, drinks, and finger food
6:00pm - 7:15pm: Presentation and Q&A
Livestream Program
6:00pm - 7:15pm: Livestream presentation and Q&A

Speaker/s

Nada Wentzel

CEO and Co-Founder, Jonah Group
B.E in Mechanical Eng (Hons), M.A in Social Psychology (Org Change), M.A Neuro Leadership

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Nada is passionate about understanding human behaviour and designing cultural change programs for optimal performance and reduced harm. She advises boards and executives at both strategic and individual levels, partnering with organisations to design customised strategies that deliver sustainable and meaningful results.
With 25 years of international experience in the Oil, Gas, Mining, and Power sectors, Nada began her career as an Offshore Engineer with ExxonMobil. She played a pivotal role in the Longford Crisis Management Team and led the Australasia HSE team. Her commitment to realizing potential led her to earn a Bachelor's in Psychology and a Master's in Neuro Leadership.

Nada has collaborated with companies such as CitiPower, Energex, Orica, Dulux Group, Sara Lee, ExxonMobil, BHP, and Brunel. Notably, she coached the Brunel crew to achieve peak performance during the 2016 Volvo Ocean Race under extreme conditions.
Nada enjoys hiking, ocean swimming, and stand-up paddleboarding. She lives in Byron Bay, NSW, Australia, with her husband and two children.