Boards are receiving more risk management data today than ever before, but there is still significant room for improvement when it comes to providing information that improves strategic decision-making, according to RIMS new Executive Report titled, “An Evolving Model for Board Risk Governance: Revisited.”
Five years since the original RIMS Executive Report, this revised version looks at the 30 companies that comprise the Dow Jones Industrial Average. It examines trends in risk governance, how those organizations are now advising their investors about the board’s involvement in risk oversight and key actions to enhance enterprise-wide risk management governance.
“As regulatory changes thrust risk management into the corporate mainstream and made boards squarely responsible for risk management oversight, organizations responded by modifying board and management governance models” said RIMS Vice President of Strategic Initiatives Carol Fox. “This report highlights those adjustments and calls for refreshing our views on board governance for risk management.”
An Evolving Model for Board Risk Governance: Revisited report is available to RIMS Members only for the first 60-days. After the introductory period, it will become available to the broader risk management community. To download the report, visit RIMS Risk Knowledge library at www.RIMS.org/RiskKnowledge. For more information about the Society and to learn about other RIMS educational opportunities, conferences and resources, visit www.RIMS.org.
About RIMS
As the preeminent organization dedicated to educating, engaging and advocating for the global risk community, RIMS, the risk management society, is a not-for-profit organization representing more than 3,500 corporate, industrial, service, nonprofit, charitable and government entities throughout the world. RIMS has a membership of approximately 11,000 risk practitioners who are located in more than 60 countries. For more information about the Society’s world-leading risk management content, networking, professional development and certification opportunities, visit www.RIMS.org.
