Risk management for directors

Risk management is a critical responsibility for the board. In order to discharge their duties, directors need to know and assess the nature and magnitude of risks faced by the organisation. They also need confidence that management has an effective framework in place to manage those risks.

We’ve developed Risk management for directors: A handbook to assist those on the governing body of an organisation to:

  • gain clarity about the interaction of governance and risk management
  • avoid confusion in the responsibilities of those with an oversight role and those with an implementation role
  • achieve focus on embedding risk management within the strategic framework.

We do not advise directors on how to create an enterprise risk management system — this is the responsibility of management. Instead, our handbook assists your board to integrate its governance and risk management frameworks by equipping you with questions you can address to management to ensure that there is an effective risk management framework in place to manage the organisation’s risks. It will help your board ensure it deliberations and oversight of management link the alignment of risk management practices with strategic objectives throughout the organisation.

Risk management for directors: A handbook

To download the handbook, please complete your details.

 

Steven Cole'This risk management handbook for directors is one of the best publications on the subject I have come across. It provides the board with practical guidance to help them align risk management practices with their organisation’s strategic objectives. I’ve shared  this with my fellow directors and I encourage anyone on a board to read it.'

Steven Cole, Non-executive Chair of Neometals Ltd