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April 2005
By Hugh Lindsay, FCA, CIP Boards of directors are responsible for approving their organization’s level of risk tolerance and for overseeing the management of the risks it faces. As a director you are also responsible for the public disclosure of the organization’s risks and risk management processes. Because almost every risk has a financial aspect, the Chief Financial Officer is an indispensable resource to you and the board. Risk Management: What Boards Should Expect from CFOs explains the CFO’s role in helping directors understand the risks and complexities of the organization’s business. Although complete in itself, it is designed to complement CICA’s 20 Questions Directors Should Ask About Risk and is organized into the same four key areas: Strategic Planning and Risk, Risk Management Processes, Risk Monitoring and Reporting, and Board Effectiveness. Purchase a hard copy Download a soft copy |
