Positioning Independent Risk Management to Succeed (via Protiviti)
November 14, 2016
The latest edition of Protiviti’s Board Perspectives on Risk Oversight newsletter focus on how companies can position their independent risk management function to success. Here is a quick summary of the article:
In many organizations, board risk oversight is enhanced when the board and executive management are supported by an effective independent risk management function. This article discusses six success factors for positioning the CRO (and independent risk management) to succeed. It distinguishes between two distinct CRO roles exist in practice to provide a context for framing the positioning conversation.
This is an excellent article to read if your risk management function is not an integrated into the broader business or risks have gone unidentified in the past. You can read the full article on Protiviti.com.