Directors' Toolkit Briefing: The importance of risk in strategic direction
25 February 2014
Frasers Function Centre
Boards need to understand the drivers of business and the strategic risks which threaten the longer term sustainability of their organisation. Without a clear understanding of these strategic risks, boards cannot address them in their corporate strategies, potentially undermining the organisation’s ability to create value.
Whilst operational and compliance risks are clearly important, too often the strategic risks are either not understood, not predicted or not managed. So what is the role of the director in relation to strategic risk?
Join us at this panel discussion on what directors need to know which will include;
- What are the key drivers and the key strategic risks of the business?
- How can directors better prepare themselves to manage strategic risks?
- How can we limit the impact of ‘black swan’ events?
- What are your options and contingencies?
Australian Institute of Company Directors
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