Directors' Obligations
Over the last few years, risk management and corporate governance have assumed a much higher profile and are now firmly on the agenda for boards. Individual directors are very clear on their personal obligations. Standards, codes and guidelines tell us what must be achieved - and by when. Risk management ought to be much more than just an annual assessment. Instead it can become an everyday, ongoing activity that adds value - helping to avoid pitfalls and creating opportunity for the enterprise as a whole. How can directors assure themselves that this is happening? What are the questions they can be asking their executive team? How can they probe the implementation of policy and the effectiveness of risk management systems?...
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