Risk Oversight

Course Format

Each section concentrates on one of eight effective practices and provides slides of information and reflective questions, a virtual notepad, and several videos of thought leaders speaking on the specific topic. The following resources are included as part of this course:

• Best practices and critical first actions for board members

• Tools for your oversight, such as questions to ask and red flags to watch for

• Key data to benchmark your and your board's work

• "A Year in the Life"—a simulation of how issues may arise and how they can best be addressed, during a typical annual cycle of board activity, with a focus on the challenges that typically face a first-time director

This course takes approximately three hours to complete. Upon completion of the course, you must pass a 12-question assessment to obtain credits.

Learning Objectives

After completing this course, you should be able to meet these objectives:

• Distinguish the role of directors from the role of management in an organization's management and oversight of risk.

• Identify practices for delivering effective board oversight of risk, and identify how to apply several of those practices in common situations.

• Name the role that each standing board committee (i.e., audit, compensation, nominating/governance) fulfills in delivering risk oversight.

• Choose effective questions to ask as a director to facilitate effective risk oversight by your board.

• Identify situations that may indicate whether an organization's board should improve its risk oversight.

• Define the terms "risk appetite" and "risk profile."

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