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The Role Corporate Governance Plays in Risk Management

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The Role Corporate Governance Plays in Risk Management Last Updated: June 4, 2024 As an auditor, compliance officer or risk manager, you’re used to balancing the delicate processes that impact your company’s performance. Modern corporate governance practices provide assurance that enables boards to take smarter risks.

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Top Board Governance Models

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The Traditional Governance Model The Traditional Model of board governance is a long-standing practice characterized by the board’s collective responsibility and risk oversight for all matters. For example, many organizations would typically hire paid individuals for fundraising, financing and human resources.