Risk Matters: Why and How Corporate Boards Should Become Involved
Organizations need to view risk holistically and integrate their risk strategies to meet today's challenges. This report presents aggregated research on strategy and risk oversight, measuring the level risk appropriate for a company, risk committees, fraud, whistleblowing/compliance, litigation, financial/M&A risk, cybersecurity and social media risk, and reputational risk. Connecting these efforts is an imperative for the twenty-first century. The report specifies how to build on readily available principles to solidify an organization’s defenses against multiple types of risk, and the role of the board in each area as separate risk strategies become one whole instead of many parts.