It is often the case that the significance of individual events takes time to become clear in the long arc of history.
Boards must be knowledgeable not just about the risks that could derail organizational goals, but also about the organization’s ability to manage those risks. This begins with building reliable information networks that include sources outside of the organization and a process to assure the information the board receives is accurate, complete, and timely. Boards must be aligned with other principal drivers of risk management — the C-suite and internal audit.
Download the latest issue of Tone at the Top and share it with your audit committee and board as well as your organization’s senior management, and start the conversation.