A Director's Voyage Through Risk Management

By Dean A. Yoost

A director's worth is in the capacity to think carefully about the big opportunities and risks; to raise questions that represent new approaches, new thinking, and subtle differences; and to make informed decisions.

In A Director's Voyage through Risk Management, published by RMA, Dean Yoost advises board members on how to navigate the tumultuous seas of the modern financial services industry. From cybersecurity to cultural challenges to third-party risk and more, Yoost stresses the need to identify important risks and emerging threats-and to obtain the insight necessary to effectively challenge management.

Dean A. Yoost is a board member of a large global bank and a large global insurance company. He is also an advisory committee member of a captive finance company. He is a retired partner of PricewaterhouseCoopers, where he spent 33 years and served as an elected member of PwC's Global Oversight Board.

This book consists of three parts:

Part 1 - Director's Duties and Responsibilities

Part 2 - Oversight of the Risk Framework

Part 3 - Disruptive Global Megatrends

Praise for A Director's Voyage Through Risk Management:

"This publication is an important contribution to risk management and governance, particularly for directors of financial institutions. It represents an essential guide for risk oversight in today's boardroom."

  — Richard K. Davis, Chairman and CEO, US Bancorp

"Risk functions must continue to evolve in response to changing business models, market environments, and regulatory expectations. A Director's Voyage Through Risk Management helps board members stay abreast of this important transformation."

  — Robert H. Herz, Board Member of Morgan Stanley, Workiva, and Fannie Mae

"Global megatrends are disrupters that will profoundly impact virtually all business models. This book assists directors in properly framing the important issues, and covers much more than risks. The advice and recommendations are excellent."

  — William S. Thompson Jr., Board Member of Citigroup Inc.

"The views shared in this book are invaluable for directors as they search for meaningful ways to provide credible challenges to management and to meet the heightened expectations of the regulators."

  — Eugene A. Ludwig, Founder and CEO, Promontory Financial Group

"This book is a thorough discussion about critical topics. The 'Questions Directors Should Ask About Risks' included in each chapter are helpful tools which directors can utilize to make thoughtful inquiries in fulfilling their oversight responsibilities."

  — Samuel A. DiPiazza Jr., Board Member of AT&T, Jones Lang LaSalle, Inc., and ProAssurance Corporation