
"What Boards Need to Know About Risk Management" Floris Schuring
2024-11-13
"What Boards Need to Know About Risk Management" Floris Schuring
Women on Boards Ukraine hosted an exclusive session on "What Boards Need to Know About Risk Management," featuring Floris Schuring, Partner at KPMG International and a recognized expert in risk management, crisis leadership, business resilience, and corporate governance.
During this session, Floris shared his extensive global expertise, focusing on the challenges boards face when navigating environments of war, high volatility, and stable developed markets. His insights offered a clear comparison of the differing priorities and responsibilities in these contexts.
Key Differences in Board Roles In Stable Environments: Boards prioritize long-term risks, innovation, succession planning, and AI integration to drive sustainable growth and ensure future readiness.
In War or High Volatility: The focus shifts to immediate risk mitigation, crisis management, regulatory compliance, stakeholder communication, and operational resilience.
Enterprise Risk Management Framework Floris outlined a structured and actionable approach for effective risk management, which includes: Planning and organization Risk identification Risk assessment Monitoring and reporting risks
This framework equips boards to anticipate and address uncertainties while maintaining strategic direction and oversight.
Women on Boards Ukraine thanks Floris Schuring and all attendees for their participation in this vital discussion. Together, we are empowering women leaders to confidently steer their organizations through complexity and change.