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Wall Street. Bailouts. Risk. Everybody’s talking about it, but what does it all mean? Nobody seems to agree. How can two people look at precisely the same phenomenon and see something totally different? Who’s seeing clearly? Who’s blinded by self-deception and denial? Remember the emperor’s new clothes? Take financial risk, for example. What is it, and how should we react to it in these hard times? Is risk just another four-letter word or a promising source of innovation and profit? Answers can be found where risk-taking and innovation intersect — the board.

Highlights:

• In light of all that’s been happening on Wall Street lately, what are the chief risks faced by today’s boards?
• Many board members seem to be unsure how to approach their risk-related responsibilities. How would you define their roles and responsibilities in this regard?  
• What thinking informs the concept of intelligent risk-taking for reward? How important is it for a board to grasp and embrace this concept?
• In the absence of an intelligent risk-taking strategy, what might eventually happen to a company?

Guests: 
Maureen Errity, director, U.S. Center for Corporate Governance, Deloitte LLP
Steve Wagner, managing partner, U.S. Center for Corporate Governance, Deloitte & Touche LLP

Related Content:
White Paper: The Risk Intelligent Board: Viewing the World Through Risk-Colored Glasses
Overview: Center for Corporate Governance  
Overview: The Risk Intelligent Enterprise 

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