NACD Provides Some Excellent Advice From a Prominent Director on Risk Oversight

Posted on May 31, 2013

I just listened to an excellent video presentation from NACD featuring Reatha Clark King talking about risk oversight by the board. I recommend this to boards, especially board chairs, governance committee members, as well as members of the audit and risk committees. It is also useful for executives, general counsel, and practitioners.

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An Important Reminder From COSO

Posted on May 30, 2013

The updated COSO Internal Control–Integrated Framework can be used as a reminder that the root cause of most corporate problems comes either from issues relating to integrity or competence. In other words, the root cause is usually people.

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Is Risk Management Part of Internal Control or Is It the Other Way Around?

Posted on May 27, 2013

There is a very clear relationship between internal control and risk management. Basically, internal controls provide reasonable assurance that risks to the achievement of organizational objectives are at acceptable levels. (The organizational objective when it comes to financial reporting is to provide financial satements that are free of material omission or error.) 

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Excellent Advice on Risk Oversight

Posted on May 20, 2013

The National Association of Corporate Directors (NACD) has established an advisory council on risk oversight and published a report on its second meeting that contains notable comments. It is available at

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Deloitte Takes a Highly Intelligent Approach to Risk Management

Posted on May 3, 2013

Deloitte’s Risk Intelligence White Papers are a set of thought leadership that I have strongly recommended in the past — and continue to do so today. 

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