Inspired by conversations with James Paterson on some of the key challenges involved in making governance, risk and assurance work effectively. Then building up to some thoughts at a board level, having both worked on board effectiveness matters.
We take on a few "taboo" topics including issues with a "failure of imagination" - the importance of paying attention to "weak signals" - what risk appetite means in practice, making the most of internal audit and things to watch out for at a board level.