Balancing Oversight & Micromanaging: Where To Draw The Line?
Oversight, a critical function performed by Boards, is a component of good corporate governance, and is necessary to ensure that policies, plans, programmes and projects achieve the desired results, and comply with rules, regulations and ethical standards. In the course of exercising oversight, the Board usually ensures that due diligence
Risk Appetite, Tolerance And Board Oversight
The business environment grows more complex, demanding and dangerous by the day. Expectations of profitability are always high. Shareholders expect returns while regulators insist on compliance. Stakeholders are becoming increasingly vocal about governance, and have no qualms nowadays about taking firms to task over perceived ethical breaches. Companies are finding
Risk Oversight and Risk Management: What’s The Difference?
Risk management, as the term suggests, is the province of management. Risk oversight, on the other hand, is the responsibility of the Board. There is an inevitable overlap as the Board sets the strategy of the organisation’s risk management and keeps an eye on management as it operationalises the management
