Risk Intelligence in the Boardroom: Take a Quick Test to Measure Your Company's Maturity
Source: Candela Solutions
Sound data, information and intelligence are clearly critical business success factors; however, is it getting to the right people? Too often it thinks of C-level decision makers as the ultimate end-user. Yes, they are collectively the company's brain-trust and are directly responsible for executing strategy, but whom should be monitoring and why? The answer is the board of directors, who serves to protect and represent the interests of shareholders. The active engagement of directors needs to be the lynchpin of important corporate deliberation, which hinges on information. Now that it has the "Who" and "Why" identified, let discuss "How." First let's be very clear on what "Risk Intelligence" entails. There are both macro and micro elements to this definition as used in this paper.