Enhancing Board Identification and Oversight of Disruptive Risks

In brief: Many disruptive risks are foreseeable with appropriate coordination between boards and management. Boards rely on information from management to help identify and provide oversight of disruptive or emerging risks that could significantly impact the company’s strategy, operations, financial performance, or reputation. This tool outlines considerations for determining whether the board of directors receives sufficient information to identify and provide oversight of disruptive risks. Directors can use this material when considering possible changes or enhancements to their company’s compliance program and board reporting procedures.

Most relevant audiences: board chairs, lead independent directors, CEOs, audit and risk committee members, chief risk officers, and heads of internal audit