The Risk and Insurance Management Society has published an executive report on strengthening risk reporting to boards and governance committees.
Board Risk Reporting: How to Deliver Insights That Matter outlines how boards need a clear understanding of their organisation’s most significant risks and overall risk management capabilities to support strategic objectives.
Authored by Strategic and Enterprise Risk Management Council members Suzanne Christensen, Joe Pugh and Trisha Sqrow, the report focuses on aligning reporting with board expectations, sustaining that alignment, and ensuring the right level of detail for informed decision-making.
“It may take risk practitioners significant time and effort to identify and confirm board-level expectations, establish top-level consensus, and create the alignment needed to support ongoing board reporting and active engagement,” the report notes. “However, this work is critical to the success of board-level reporting, ongoing engagement with the board, and ultimately, to the success of the organisation itself.”
The executive report is exclusively available to RIMS members for the next 30 days.
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