The discussion is based on a research report, issued by Board Agenda (magazine), Mazars (a global firm on risk advisory) in association with INSEAD Corporate Governance Centre. The report is titled as “Leadership in Risk Management.” The research report is based on an extensive survey carried out between January and March 2020 amongst 300 senior business leaders, including chief executive officers, chief finance officers, board chairs, executive and non-executive directors, company secretaries and risk managers. The report has two parts – the first, orients the readers about the preparedness of the boards in dealing with a crisis such as COVID-19 and the second discusses various aspects of risk management, its prevalence in the organizations and manner of its management by the board.
The key excerpts and learning from the research report is as under:
Section A: Response to Pandemic Risk
Section B: Response to Risk management system
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