Guest post by The Society for Corporate Governance
Geopolitical events can quickly disrupt operations, supply chains, and market access, posing significant risks to business continuity and growth. By actively monitoring and understanding these risks, boards can help guide management in developing robust risk mitigation strategies, adapting to regulatory changes, and seizing opportunities that arise from global shifts. Effective oversight can help position an organization to address emerging challenges, safeguard their strategic direction, and capitalize on emerging opportunities in an increasingly volatile environment more proactively.
This Board Practices Quarterly, published by Deloitte and the Society for Corporate Governance, is based on a recent survey of members of the Society for Corporate Governance, representing public and private companies. The survey covered, among other topics, the primary geopolitical risks companies are focused on, management responsibility, how the risks are included on board agendas, board oversight structure, and ways in which companies are mitigating and/or managing these risks.
Read more: Board Practices Quarterly (Board oversight of geopolitical risk)
