Published: 03 October 2024
Boards must oversee a complex set of emerging and evolving risks while facing increased scrutiny from stockholders and regulators on how they’re fulfilling this duty. Yet most boards lack effective risk oversight. General counsel can use this research to bolster board oversight activities.
Less than half (45%) of boards are effective at holding executives accountable and sufficiently overseeing risk and strategy. Boards encounter this challenge at a time when they are overseeing a growing and complex set of emerging and evolving risks, as well as facing increased scrutiny on the effectiveness of their oversight.
Directors face a barrage of information as they work to fulfill their oversight duty, yet they often aren’t increasing the amount of time spent in board and committee meetings to obtain this information. General counsel (GC) and organizations must improve the efficiency and effectiveness with which they convey
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