Resources
Risk management in the boardroom
This comprehensive study in partnership with Insync Surveys and Board Benchmarking canvassed the views of over 600 directors sitting on Australian and New Zealand boards.
Key findings:
- Most directors believe they set the right "tone at the top" for their organisations, but there are large gaps in perceptions of the "right tone" between directors under 45 years and over 64 years.
- Some boards and management need to do more to get on the same page in relation to their organisation's risk appetite.
- Some boards can do more to ensure their organisations have appropriate risk management systems.
- Directors under 45 years of age are considerably more critical of their organisations than directors over 64 years.
Download the risk management in the boardroom report (336kb,14 pages).
FICKS™
- Future focus
- Issues identification
- Compliance
- KPI
- Succssesion and skills
This helpful acronym is for the five key functions of a board and how a board should best segment its time.