Risky business
A relatively new framework that is increasingly popular with firms in the US and Europe helps companies to optimise risk management and meet its business objectives.
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IT MAY not be immediately obvious, but the governance role of boards has two dimensions: performance and conformance.
In its performance role, the board oversees the company's strategy and value creation.
In its conformance role, the board oversees the effectiveness of the company's risk management and regulatory compliance.
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