Subscribe To Our E-Newsletter
Follow Us On Twitter
Privacy And Cookies
Established 1996
Friday 19 January 2018


RIMS calls for new model for board risk governance

Written by staff reporter

Boards are receiving more risk management data today than ever before, yet there is still significant room for improvement when it comes to strategic decision-making, according to a RIMS study.

Five years since RIMS produced its original report on the topic, a fresh study looks at the 30 companies that comprise the Dow Jones Industrial Average, examining trends in risk governance, how those organisations are now advising their investors about the board’s involvement in risk oversight and key actions to enhance enterprise-wide risk management governance.

Vice-president of Strategic Initiatives at the association, Carol Fox says the report shows that board governance for risk management is due a refresh.

“As regulatory changes thrust risk management into the corporate mainstream and made boards squarely responsible for risk management oversight, organisations responded by modifying board and management governance models,” she said. “This report highlights those adjustments and calls for refreshing our views on board governance for risk management.”

Related Articles

Power transmission and distribution risk
Mark Evans talks to Barry Menzies, head of MIDEL ester-based dielectric fluids, at specialist manufacturer M&I Materials, to discover how ester fluids can help reduce the risks associated with transformer applications.
Latest News Headlines
Industry News
Deborah Ritchie provides a summary of some of the latest stories in business risk, insurance and resilience
Most read stories...
World Markets (15 minute+ time delay)
S&P 500
Nikkei 225

Download the latest
digital edition of
CIR Magazine