Director Notes: The Role of the Board in Risk Oversight—Adapting to Regulatory Developments and Emerging Practices

In light of increased demands from shareholders and the potential changes in the regulatory environment, this first report of the Director Notes series highlights a range of considerations for directors as they approach the assessment and oversight of their risk management programs. It begins by outlining the emerging risk management trends that senior executives are focusing on, and provides a brief overview of the regulatory context in which directors are expected to oversee risk management efforts.

Although the discussion is tailored to U.S. public companies, the considerations are equally relevant to boards of non-U.S. listed companies, including companies with listings in the United States, as well as those that have no direct U.S. nexus.