To Improve Enterprise Risk Management, Communicate Directly with the Board

 

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Keeping an open channel of communication with the board--by maintaining proper visibility, making ERM reporting to the board a standardized and normal part of the corporate culture, and even inventing creative ways to handle ERM--allows boards to effectively execute their oversight role in risk management so that they may satisfy increasingly stringent reporting expectations.

This article originally appeared in Risk + Compliance and is reprinted here with permission.

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