Risk Management at the Board Level

(from CLA) Board members play a crucial role in overseeing and guiding the risk management efforts of an organization. Their role involves setting the organization's risk appetite and tolerance levels, insisting effective risk management policies and processes are in place, monitoring the organization's risk profile, and making strategic decisions to address significant risks. They first identify risk; then assess, analyze and prioritize risks; next move to mitigation; and finally review. 

More from CLA