Risk Transformation Programme Enhances Value And Organisational Stability Of Brand Name Company

The Situation

Odeon Cinema Group, owned by a Private Equity firm, was preparing to sell. But because the Company had not maintained its risk and governance procedures over a period of years, it faced challenges in a number of fundamental areas:



  • The risk profile of the organisation was not fully understood and articulated

  • Group policies were not visible to staff and were not embedded within the organisation 

  • Risk management awareness and engagement was low

  • Safety and security was not consistently managed and did not give comfort to the Board 

  • Assurance activity was outmoded for a modern large organisation and was not visible to
 senior staff

The Solution

Richard conducted brainstorming sessions with senior teams across each territory to address key threats and produced a Risk Transformation Plan that encompassed:



  • Working closely with insurance to review and refresh risk transfer needs

  • Engaging external cyber security assessments and implementing remedial actions

  • Unifying risk management approaches across the group

  • Evaluating resources and implementing best practices, including an electronic policy database

  • Revising the audit approach and re-skilling the audit team

The Result

“Richard has overseen a transformation of our Group’s governance and risk abilities since he joined, and leaves us in much stronger position. Across all our markets, Richard has helped us to implement new controls and standards through clear policies and procedures, and built a solid structure and framework to oversee and manage risk throughout our organisation. We now have a consistent set of policies across the Group in PolicyHub and a skilled risk management team.


As well as the obvious benefits of this renewed focus, it was also critical in the run-up to, and success of, our sale process last year – and has made a big contribution to our initial integration work with AMC this year.”


Odeon Group CFO

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