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The Good Governance Forum Conference

4th June 2013 @ 8:00 am - 5:00 pm

Risk Blindness: Why it matters and how to avoid it

Launching our Guide on ‘Boardrooms and Risk’ 

Risk remains in the spotlight for boards and recent and well known corporate crises means this should be at the top of any board’s agenda. However, risk also presents opportunity and long-term business success must leverage this.

Risk is no longer about compliance and box ticking – the opportunity lies in building a resilient organisation rather than one that simply anticipates risks.

The complexity of risks is growing in line with the complexity of the business environment. Boards are well practiced at managing an array of risks inherent in their business strategy such as those relating to finance, systems and hazards and there has been a step change in the focus on risk over the last few years.

However, new thinking and analysis has shown that boards may be blind to a key group of risks that go beyond traditional risk management processes and management techniques – including the potential risk that the functioning of the board itself can pose.

Following their Boards and Risk report in 2011, the FRC will soon undertake a review of the Turnbull Guidance. Whilst the solidity of the guidelines on internal controls mean that they are unlikely to undergo major alteration it is expected that the FRC will take this opportunity to expand into the increasing range of responsibilities directors have in tackling the emerging risk landscape.

The Good Governance Forum invites you to explore this new risk landscape at a half-day conference. What do the roads to ruin and the roads to resilience look like, and what can boards do to evolve their risk management agenda accordingly?

 

About Tomorrow’s Good Governance Forum

The Forum was formed in March 2010 in response to questions raised about the effectiveness of corporate governance as a result of the financial crisis and the subsequent reviews by Sir David Walker and the FRC. The Forum brings together a number of key businesses, organisations and individuals to explore what good governance means, to make practical recommendations to company boards and policy makers. Good Governance Forum outputs to date can be found @http://www.tomorrowscompany.com/good-governance-forum

Details

Date:
4th June 2013
Time:
8:00 am - 5:00 pm