How can boards meet expectations for stronger risk oversight?
Eight Key Practices for
Overseeing Risk Management
As the number and magnitude of business risks increase, so do the expectations for stronger risk oversight—through both greater board awareness of risk and more disciplined board review of enterprise-risk management. This report outlines the risk oversight challenge in the current business environment, describes leading risk oversight practices, and offers key practices that all directors can use to oversee risk more effectively, such as the following:
- Clarify the roles of the board, committees, and management.
- Understand the company’s risk profile.
- Define the company’s risk appetite.
The full report is available exclusively to NACD members, but you are invited to download a complimentary copy of the executive summary for five more tools to help you monitor and mitigate risk.