Are Board Risk Committees a fiduciary expectation?
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The fiduciary governance of a business's strategy, and therefore the firm's risk-taking, rests with the Board of Directors. Yet, with complex organisations, sufficiently meeting the fiduciary obligation of care - in which risk taking and risk management are embedded - may require more specialised understanding of risk than can be effectively managed by the board as a whole. What are some of the general duty-of-care questions related to risk management that the Board should ask? ... READ MORE
Released by The Conference Board of Canada - December 2010
via The Governance Fund website