This paper outlines a <italic>relational theory of risk</italic>. According to this theory, risk emerges from situated cognition that establishes a <italic>relationship of risk</italic> between a <italic>risk object</italic> and an <italic>object at risk</italic>, so that the risk object is considered, under certain contingent circumstances and in some causal...

In contradistinction to generic and formal risk governance models such as the IRGC framework, this paper advocates the relevance of a contextual and practice-based approach to organizational risk governance. Three cases illustrate the socially situated dynamics of risk governance practice:...