The Institute of Internal Auditors (IIA) recently released a well researched and excellently written report title On Risk 2020: A Guide to Understanding, Aligning, and Optimizing Risk (click the link to download). They surveyed several Board members, Executive Management teams members and Chief Audit Executives. The research revealed that Board members were more confident in the managements ability to manage risk than the organizational executives were in themselves.
This short video gives three reasons why Boards might be overconfident.
Take a look, let us know what you think.
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