“Board Friendly” Risk and Controls Oversight
Learn how a board can structure itself for risk oversight, judge the risk information management provides, watch key risk indicators and shape controls that serve directors.
Speaker
Ralph Ward
Corporate governance writer and advisor · Boardroom INSIDER · Author of six books on boards
Overview
Board members are part-time overseers of full-time managers, so they often lack current, complete insight into the company's operations, finances and dangers. This board risk oversight webinar shows directors how to close that gap.
Most internal controls are designed for finance, compliance and legal staff, not for the board. You'll learn how to structure the board and its committees for effective risk oversight, where hidden dangers are most often found and which internal risks directors must watch.
The session also covers key risk indicators, risks from employees, systems, partners and suppliers, anti-corruption laws, IT risk and how to shape reporting and controls so the board gets the information it needs when it needs it.
Why attend: Financial crises, scandals, pandemics and black swan events have caught many companies off guard. Independent directors spend little time inside the company, management has reasons to reassure them, and the information they see is often stale or hard to follow. Directors who miss warning signs may later have to explain why. The session suits corporate, nonprofit, private and family firm board members, corporate secretaries, corporate counsel, and venture capital and private equity partners.
What’s covered
- How the board can ensure systems that support good risk oversight
- Shaping a board-based risk assessment process
- Judging the quality of the risk intelligence management provides
- Key risk indicators for your business
- Dangers from your employees and systems
- Designing board-friendly corporate controls
- Outside risks from partners, suppliers and anti-corruption laws
- IT risk and the board's oversight role
- Risks sitting around the board table
Who should attend
What you get
About the speaker
Ralph Ward is an internationally-recognized speaker, writer, and advisor on the role of boards of directors, how “benchmark” boards excel, setting personal boardroom goals, and the future of governance worldwide.
Ward is publisher of the online newsletter Boardroom INSIDER, the worldwide source for practical, first-hand tips for better boards and directors (www.boardroominsider.com). He also edits The Corporate Board magazine (www.corporateboard.com) the nation's leading corporate governance journal, with subscribers who are directors and senior officers across the U.S. and in 27 foreign countries.
He is author of six acclaimed books on board and governance for today’s corporate boards, the challenges they face, and the answers they need to excel: • Board Seeker Guidebook (2018) • Boardroom Q&A (2011) • The New Boardroom Leaders (2008) • Saving the Corporate Board (2003) • Improving Corporate Boards (2000) • 21st Century Corporate Board (1997)
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