Risk Management at Board Level

More about the book

Risk management has evolved into a critical focus for boards and top management, now a permanent fixture on their agendas. New regulations in Switzerland, Germany, and the EU require firms to establish risk management strategies and transparently disclose their processes to stakeholders. Shareholders, banks, insurance providers, and other stakeholders expect board members to proactively identify and manage critical risks, assuring them of effective risk oversight. However, the absence of standardized training and guidelines complicates this responsibility for board members. This book uses real-life examples and an analysis of drivers, alongside interpretations of Swiss legal requirements and international benchmarks, to engage forward-thinking business leaders. The authors leverage their extensive experience in risk management, Swiss law, and board service to offer practical solutions for effective risk management. The aim is to alleviate the apprehension surrounding risk management among company leadership, empowering them to make informed, risk-savvy decisions aligned with their strategic goals.