Staying Engaged in the Risk Oversight Process
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Board Perspectives: Risk Oversight, Issue 18 - How to Keep the Board Engaged with Risk Oversight: Best Practices for Effective and Continuous Risk Management
Most bystanders would agree that risk oversight entails more than just looking at a risk assessment once a year. Depending on the nature of the business and its risks, the board of directors should regularly self-evaluate its risk oversight process.
How does the board remain engaged with its risk oversight responsibilities over time? In this issue of Board Perspectives: Risk Oversight, we illustrate how the board can remain engaged with the risk oversight process beyond reviewing the results of an annual risk assessment.