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Annual Report 2010-2011
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20 Questions Directors Should Ask about Risk

May 2006
By Hugh Lindsay, FCA, CIP

How effectively is your organization managing the risk inherent in its strategic and business planning? And how can you, as a board, be satisfied you are doing what you should in overseeing the risk management process? This guide can help you deal with those broad questions and resolve any problem areas where the answers are found wanting.

20 Questions Directors Should Ask about Risk poses a practical approach by which directors can work with senior management in identifying and managing business risks, and also ensure the board is fulfilling its own oversight responsibilities. Each question contains a discussion of the related risk management objectives it is intended to meet. As further guidance, the recommendations following each question reflect the state-of-the art practices of leading companies.

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