Risk oversight: A framework for identifying, understanding and addressing risk
Re-examining the board's role in risk oversight continues to be a hot topic in the aftermath of global crises. Go beyond principles and receive valuable guidance and tools that help directors discharge their responsibilities.
In A Framework for Board Oversight of Enterprise Risk, experienced CEO and director John Caldwell discusses the importance of boards taking more active and direct roles in risk assessment, and offers a framework for getting there. Learn how to go beyond the traditional oversight of typical risk management processes.
This document features a nine-step process to help directors:
- better identify and address critical risks
- understand how risks are interconnected
- recognize the potential for risks to compound if unfavourable events occur simultaneously
A Framework for Board Oversight of Enterprise Risk offers a practical approach to risk oversight designed specifically for boards of directors, including:
- the framework itself
- recommended steps for implementation
- a methodology
- toolsets
Learn more about:
- establishing context
- identifying and categorizing risks
- analyzing and re-analyzing consequences
- analyzing interconnectivities and compounding effects
- prioritizing
- risk capacity, risk tolerance and risk appetite
- choosing a response strategy
- monitoring