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Refining Risk Oversight for a New Level of Volatility

Directorship, 2015-11, p.87

Copyright National Association of Corporate Directors Nov/Dec 2015 ;ISSN: 0193-4279

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  • Title:
    Refining Risk Oversight for a New Level of Volatility
  • Author: Whalen, Dennis T
  • Subjects: Audit committees ; Audits ; Committees ; Computer security ; Executives ; Risk management ; Volatility
  • Is Part Of: Directorship, 2015-11, p.87
  • Description: Given the role that many audit committees play in risk oversight, our survey findings offer insights into the challenges audit committees and boards face in their efforts to refine their risk oversight processes to help their companies meet the challenges posed by the new level of volatility. Is it clear that risk management starts with the front line? * Cybersecurity is a critical business risk, requiring the full board's attention. Because cyber risk cuts across so many aspects of the business, make sure all the key players (chief information officer, chief information security officer, chief risk officer, chief compliance officer, and chief audit executive, for starters) are in sync, and that cybersecurity has sufficient time on the full board's agenda. * Are risk oversight roles and responsibilities clear and still appropriate?
  • Publisher: Boston: National Association of Corporate Directors
  • Language: English
  • Identifier: ISSN: 0193-4279
  • Source: ProQuest Central
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