The EY Global Board Risk Survey uncovers the perceptions of 510 global board directors from organisations with greater than $1bn revenue across a number of industries.
The survey results reveal how leading boards are overseeing enterprise risk management and identify the three key areas of high-performing risk oversight: having a long-term perspective, making sure that risk-management priorities are aligned with business strategy, and focusing on emerging, atypical and external risks.
To become leaders in risk oversight, the board itself may need to rethink its composition and operations.