Last year, the Advisory Council on Risk Oversight of the National Association of Corporate Directors (NACD) released a publication based on input obtained from a meeting with risk and audit committee chairs from Fortune 500 companies.

This issue of Board Perspectives offers both directors and senior executives useful insights that are consistent with the COSO Enterprise Risk Management Framework (also released last year) and that boards and executives can use to advance their risk appetite dialogue. It focuses on the practical advice offered by the NACD advisory council, which is framed around three major takeaways for getting the most out of the risk appetite dialogue.