Three updated expert guides released

Three revised Good Governance Guides have just been launched, exploring the latest key issues for risk and governance professionals.

Developed by the Governance Institute of Australia’s Risk and Technology Committee, the new guides outline everything you need to know on the topics of risk governance, risk appetite statements and issues to consider when constituting audit and risk committees.

Good Governance Guide: Risk governance

In this guide we explain how risk management is part of good corporate governance and a critical area of board responsibility.

We outline the major components of risk appetite statements, risk management committees, risk registers and set out a risk governance structure scenario in an easy-to-follow table.

Good Governance Guide: Issues to consider when constituting audit and risk committee

It is good governance to consider how audit and risk is managed within a company.

This guide outlines key considerations and responsibilities of audit and risk committees.

Good Governance Guide: Risk appetite statement

A formal risk appetite statement allows organisations to articulate and communicate their appetite for risk.

In this guide we consider:

• What is risk?
• What is risk appetite and risk tolerance?
• What a risk appetite statement may contain.

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