It goes without saying that organizations exist to create enterprise value. As the board of directors focuses its attention on risk oversight, there are many questions to consider.

When executive management ignores warning signs posted by risk management, fails to address critical compliance requirements when considering a new product or service, or resists contrarian information suggesting the corporate strategy is not working, the board must step up. In this issue of Board Perspectives: Risk Oversight, we look at how an effectively designed and implemented lines-of-defense framework can provide strong safeguards against these breakdowns.