Tag Archives: board oversight

Enterprise risk: where does a board’s role end?

Lack of management objectivity makes it incumbent on boards to go beyond their traditional oversight role in several key areas of enterprise risk management. The payoff: reduced exposure and better performance
By John Caldwell
August 3rd, 2017

Ordinarily, the delineation and segregation of responsibilities between management and the board is relatively straightforward. While boards ultimately carry the over- arching responsibility for the enterprise, management is tasked to manage the affairs of the business. In practice, this generally … Continue reading

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An eye on operations

Boards don’t run company operations, but robust board oversight of operational risk can help boost bottom-line performance and detect small problems before they become big ones
By John Caldwell
April 12th, 2013

Operational risks are generally associated with the day-to-day running of the business and vary significantly depending upon industry sector. Clearly, operational risks for a manufacturing company will not be the same as for businesses in financial services or the extraction … Continue reading

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Putting strategy to the test

Enterprise risk is primarily the realm of management. But strategic risk assessment and oversight is where a board can—and should—do some of its best work
By John Caldwell
September 18th, 2012

Board oversight of strategy and correlated strategic risk typically occupies the top of board agendas—and rightfully so. While management is responsible for enterprise risk management, when it comes to assessing strategic risk, boards should have heightened engagement because the effectiveness … Continue reading

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