The Role of the Board in Respect of Risk Management and Oversight

Jack Wixted, RMA chair, discusses the board's role in balancing risk management and risk oversight in an organization. According to Wixted, it's the board's role to make sure:

  • The risk appetite framework within the strategic plan of the organization is set.
  • The proper people in terms of skills and expertise manage the risk.
  • And the risk management infrastructure is in place so no risk is taken beyond capacity.

(2 min 04)