The board’s role in oversight of risks

The board’s role in oversight of risks

The board is responsible for oversight. This includes risk management and compliance.  Regardless of the type of the company, failure to comply with the laws and regulations of the land presents serious risks to the business.

The board executes their role by effective application of the ‘tools of the board.’

The first tool of the board is a risk policy. The board’s risk policy provides for the formulation of the enterprise risk framework or strategy which also articulates the risk appetite and the risk management process, including providing for risk register.

In Uganda, MTN spent the bigger part of March 2018 justifying for […] Read more