Key board takeaways
- Include sufficient agenda time
- Seek outside expertise and incorporate external data
- Assess and enhance board competency and diversity
Investors, regulators, consumers and other key stakeholders expect boards and risk functions to take responsibility for the expanded range of issues that are now an inescapable part of their environment. For boards, their work should be to remain vigilant, increase their own fluency around emerging risks and external trends, and continually challenge and strengthen their oversight practices to enhance the organization’s agility and ability to survive and thrive.