This document discusses the importance of communication in risk management. It defines key terms and outlines various challenges to effective communication between business specialists, risk management, senior management, and stakeholders. Some common problems include differing perspectives between business and risk, siloed risk functions, and lack of a common risk language. The document provides ideas to address these issues, such as establishing a chief risk officer, implementing risk visualization tools, and focusing on transparency, common understanding, and clear responsibilities to improve holistic risk communication.