Board Mastery in Risk Understanding & Strategic Management
Understanding enterprise risk management is crucial for credit union boards to ensure organizational stability and growth. This session introduces the five levels of conversation in a board room and why mastering all five levels is critical to successful board governance and leadership in the board's role in risk oversight. Myers shares a methodology for a board to frame ten areas of risk against your organization's strategic framework. This session will equip you with the skills and knowledge to be more proactive in understanding the multiple areas of risk, board-relevant questions to ask regarding risk, and a deeper understanding of the board's role in governance. This session is designed for board members and is educational for supervisory committee members and board liaisons. CEOs are invited to help their boards understand and oversee risk. Participants leave the session with a sample inventory of questions to ask and discuss concerning ten areas of organizational enterprise risk.