risk management Archives - Page 2 of 2 - Conselium Compliance Search

Stuff happens. We may not like it, we may even consider it unfair, but it is a fact of life. In the business environment, the question is: Are management and the Board prepared to respond? Two years ago, I had the opportunity to talk with the Chairman of the Board…

Where does the Board’s role begin and end regarding risk? A company's core objective is to create and increase wealth for its shareholders. Collectively, directors provide leadership toward this objective through two primary functions: 1) decision-making and 2) executive management oversight. Decision-making includes approving corporate policy, strategic goals, annual budgets,…

By: Richard Leblanc I recently spoke to directors and officers about oversight of risk management by Boards of Directors. I prepared a list of 25 reasons that risk management failure happens, based on my experience assisting Boards, including Boards that have failed and Boards that cannot afford to fail. Almost…

We often hear references to a holistic view of risk. “Holistic” is a term used in risk management to emphasize the importance of understanding the interrelationships among individual risks (or groups of related risks) and the coordinated approach that an organization’s operating units and functions undertake to manage risk. A…