White Paper

Risk Communication

March 14, 2014

Effective risk communication between the board of directors and the C-Suite is critical for companies to seize on opportunities in today's uncertain business environment. This new research conducted by the Association for Financial Professionals (AFP), the National Association of Corporate Directors (NACD), and Oliver Wyman examines four critical elements required to develop a world-class risk communication capability: 1. Defined risk governance roles; 2. A shared of view of risk; 3. A concise risk appetite statement; 4. Focused risk reporting and dialogue