Building a Better Board: Improving Risk Governance
- Impact Boards EM
- 6 days ago
- 1 min read
Updated: 2 days ago
Positively embrace risk to improve company performance
In the second publication in the Building a Better Board series, the DCRO Institute highlights how boards can best embrace risk.
A proper appreciation and use of risk are integral to decision-making and strategic planning. Every board director has the opportunity to understand risk better, better govern risk-taking, and leverage both to drive a company’s innovation and value-creation. From strategic planning to establishing the corporate culture, from addressing ESG issues to engaging emerging technologies, risk touches every decision a board makes.
Boards of directors can transform the environment wherein risk is taken well – what we call risk governance – to make the most effective use of precious resources. By thoughtfully approaching risk-taking and using it as a positive, strategic tool for growth, directors can collectively and individually adopt the positive governance of risk-taking – something that will cascade throughout the company at every level.
Read the full publication here.
To access other publications, including others in the 8-part series, please visit the DCRO Institute's website.
