Original Source: Board Effect by Jeremy Barlow
In decades past, boards could rely solely on management to oversee and manage risk. The 2008 financial crisis, also known as the global financial crisis, was considered to be the worst financial crisis since the Great Depression. Harsh economic times hit boards of directors squarely, as they came face to face with complex legal issues and failing businesses. The financial downfall, along with the subsequent fallout, was an abrupt wake-up call for boards of directors to delve deeper into their organization’s risk management practices…
Contributors: Open SourceCategories: Industry Articles, SIG U Resource
SRC Type: Risk Management, Sourcing Management, Third Party Management