Board Risk Oversight

Board Risk Oversight refers to the responsibility of a company's board of directors to identify, assess, and manage potential risks that could impact the organization’s success. This includes financial risks, operational challenges, compliance issues, and strategic uncertainties. The board sets the tone for risk management, ensuring that appropriate policies and procedures are in place, and they monitor how effectively the organization is managing these risks. Ultimately, effective risk oversight helps protect the company's assets, reputation, and long-term viability by promoting informed decision-making and accountability throughout the organization.