Board oversight

3 Factors to Consider Before Escalating Risk Issues to the Board

After beginning as a requirement for financial firms, active Board oversight of risk management has increasingly become an expectation, even a necessity, for all types of organizations over the last 20 years. The annual State of Risk Oversight report from North Carolina State University corroborates this. According to their survey, a high number of Boards,…
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5 Tips to Making Board Risk Reports Meaningful Tools for Decision-Making

The year is flying by as we’re well into the second quarter already. Q1 board risk reports should be done, assuming your company prepares one quarterly, and you are likely getting ready to prepare a midyear update. As I discuss in The Ultimate Primer for Effective Risk Reporting, board risk reports serve a dual purpose……
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communicating risks

2 Keys to Effectively Communicating Risks to the Board

It’s getting to be that time of the year when many organizations have major board meetings to finalize plans and budgets for the next year. Considering this year’s unprecedented volatility, many Boards will naturally want to discuss risks facing the enterprise. While the topic of Boards and reporting risks have been peppered in past blog…
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