Dr. Simon Ashby, Dr. Cormac Bryce, Dr. Patrick Ring
ACCA
Sinopse: Boards have always been involved in the management of risk. Without appropriate risk taking, organisations cannot exploit the full range of strategic opportunities that are available to them, nor can they hope to protect themselves from less positive outcomes.
Equally, the governance and internal control roles of boards are closely connected with risk management. Effective risk assessment, reporting and control help to enhance a board’s governance and internal control activities, reducing the probability that an organisation may deviate from its stated objectives and so fail to meet the needs of its stakeholders.
What is less clear is how board-level risk management discussions and practices are changing and developing, especially in relation to the complex and dynamic world that characterises the early 21st century. Changing technology, such as the growth of cloud computing and social media, creates opportunities for returns as well as losses as do the major political and economic changes associated with events such as Brexit, the election of President Trump in America, or the global financial crisis of 2007–8.
