Foreword
The events of the last two years put risk-related issues squarely on corporate boards’ front burner, and the flame remains on high. Board members are proactively rethinking their approach to risk, asking: How does risk inform our corporate strategy? Have we lost sight of the fact that risk is the fuel for reward? Has our risk appetite become too conservative? Has the pendulum swung too far?
Mastering the complexities of risk as companies get back to growth is a crucial issue for boards in this post-crisis period.
In this timely and astute report, the Korn/Ferry Institute sets out some of the principal opportunities for developing a board that is deliberate and discerning on risk issues. Its recommendations, including debating the boundaries of oversight, guarding against group-think, getting a real understanding of risk culture, and managing board renewal, should resonate with boards and, indeed, executive leadership teams in the United States, United Kingdom, and continental Europe.
See full Report, in pdf format.
Posts
