Is Risk Oversight Synonymous With Risk Management?
Risk oversight and risk management have an almost-symbiotic relationship. “Almost” because having one almost always implies that you have the other. However, organisations which have risk management may not automatically have risk oversight. Risk management is a must-have for the organisation, but risk oversight depends to a great extent on the
How do Boards and Management strengthen the professional worth using ERM?
Risk management can go a very long way to making a company more valuable. It follows, therefore, that Boards and Management which know how to do risk management right will themselves become more valuable to the organisation. But the Board needs to see the value of risk management to begin with,
The competency required to form an empowered board risk committee
What does it take to get a Board Risk Committee that is really effective? The first step – establishing it – has already (hopefully!) been taken. This underscores the organisation’s commitment to doing things right from the risk management perspective. It also demonstrates the organisation’s understanding of how risk management affects
Keeping up with the evolving expectations for Boards
A directorship used to be a reward, a thank-you for years of service, and a sign that the difficult years of toil and trouble were over. But the opposite is now the case; it is not easy being a Member of the Board these days. The Boardroom is no place
Evolving Expectations of Board Members: Why and what do you need to know?
In an increasingly difficult environment, the emphasis has been growing, in recent years, on having Boards that are more competent and professional. Indeed, the tasks of Board members are becoming more diverse, necessitating that the members themselves demonstrate competency at several levels, in several areas of corporate expertise. It’s not