NACD and Marsh McLennan Call on Boards to Elevate Board Risk Oversight in New Blueprint

Key Facts

The Risk Committee Working Group, a panel of corporate board leaders from NACD-affiliated organizations, as well as senior leaders from Marsh McLennan, developed the Blueprint as both a call to action for boards to elevate their risk oversight and as an assessment tool for boards—with or without risk committees—to help them execute on expanded risk oversight responsibilities.
"In our work with clients, we see boards playing an increasingly vital role in helping their organizations maneuver through complexity by enhancing and strengthening their risk oversight," said Reid Sawyer, managing director and head of the Emerging Risk Practice at Marsh Advisory, and a member of the Risk Committee Working Group.
"Our goal with the Blueprint is to help directors develop a deeper and fuller understanding of their companies' risk management, especially as board oversight and responsibilities in this area expand, and be prepared to take action in a crisis," said Peter Gleason, president and CEO of NACD.
The Risk Committee Working Group is the fourth Future of the American Board panel to publish a Blueprint guide this year, following the Compensation (March), Audit (April), and Nominating and Governance (May) committee working groups.