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Today's directors face an enormous challenge in contributing to sustained organizational success with, in most cases, limited exposure to the organization. In addition, the stewardship of directors will continue to come under the spotlight. This is due in part to the volatility in the marketplace, corporate mergers and acquisitions, as well as requirements of Canada's stock exchanges. The board of directors are explicitly acknowledging their responsibility for identifying the principal risks to the organization and ensuring the implementation of appropriate systems to manage them.
Guidance for Directors - Dealing with Risk in the Boardroom offers valuable insights on how to improve an organization's success and manage its risk of failure for boards of directors and those who provide support to them. Understanding the organization and its operating environment as they currently exist provides a platform for action to create the organization of the future.
If you serve on a board of directors of a not-for profit organization, a government entity or a for-profit corporation, or if you report to and provide information to a board, you will gain fresh inspiration from reading this publication and be part of global leading-edge thinking.
The Guidance is packed with tough questions, real life experiences, and practical advice for directors to evaluate risk. Specific areas explored include understanding and evaluating the organization's approach to risk, reviewing the risk in existing board processes, and improving board performance.
All of the above will help the board gain insight into overriding governance issues such as the soundness of corporate strategy and the competence of senior management. Also included are some candid, compelling stories of success and failure.
Final guidance was released to all CICA members in April 2000. Copies can also be purchased on-line or by calling or faxing the CICA order desk at +1 (800) 268-3793 or +1 (416) 977-0748; Fax: +1 (416) 204-3416; e-mail: orders@cica.ca.
Single copies for $15.00 (product code 04000010), packages of five copies for $45.00 or a subscription for all CoCo publications for $25.00 annually (product code 04000612).
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