Risk Communication

Effective risk communication between the board of directors and the C-suite is critical. Without it, leadership teams struggle to provide the board with information necessary to address the key sources of uncertainty in strategic and financial plans, and boards fail to provide the necessary oversight and guidance.

Unfortunately, many executives and board members are frustrated by the mismatch between the risk information that is provided to the board and the information that is requested.

Risk communication: Aligning the Board and C-Suite, a new report produced by Oliver Wyman’s Global Risk Center together with the Association for Financial Professionals (AFP) and the National Association of Corporate Directors (NACD), examines what it takes to develop best-in-class risk communication.

In C-Suite Risk Conversations, a new series of videos, Scott Gilbert, Marsh & McLennan Companies’ Chief Risk and Compliance Officer, and Bruce Nolop, a member of the company’s board of directors, share their first-hand experiences with critical risk communication issues.