Understanding how well management is handling risk priorities
It’s easy for boards to get bogged down discussing financial and compliance risks. But that can mean that they’re not paying enough attention to risks that are truly critical. Directors need to make sure they’re focusing on the right key risks—the ones that could spell success or failure for the company.
Challenges for directors:
- How can the board make sure it is spending its time focusing on the right issues?
- How can boards recognize when a key risk may be about to materialize?
- How can directors connect the dots across key risks to understand how they interact?
- How can the board monitor reputation risk?