Questions the Board should raise about Risk Management

Norwegian law requires that all Norwegian organizations headed up by a Board have a responsibility to ensure that the organization has established risk management processes according to recognized good practice. This applies to organizations in both the private and public sector. 

These guidelines contain a set of key questions in respect of the organization’s risk management processes. This set of questions should be viewed as a whole and are interrelated. Together the questions aim to strengthen the understanding of both the Board and management as to how the organization’s risk management functions today as well as how it might be developed further.

You can download this guidance for free.