The risk field needs concepts, principles, theories and methods that give some sort of unity to the field and provide guidance on how to think when assessing, managing and communicating risk. To this end, we need further developments of such concepts, principles, theories and methods, scrutiny/clarification of existing ones, and reflections and discussions. This entails a broad set of initiatives and measures. The Foundational Issues in Risk Analysis Specialty Group (FRASG) represents an arena for generating them. It provides a scientific and technical forum for dialogue on all these issues and will promote initiatives reaching the diverse communities of risk analysts and researchers. It will guide the organization of workshops, conferences, and committees to study and reflect on key issues. A special responsibility is fostering the involvement of talented young researchers.