The Board, the General Counsel and the Risk-Insensitive Executive
The CLS [Columbia Law School] Blue Sky Blog
Michael Peregrine wrote this bylined article about how boards can monitor and influence the management style of senior executives who by nature are insensitive to the risks of their initiatives, creating legal, accounting and reputational risks. “The attentive board (or its audit committee) is often in the best position to reconcile [its] risk-oversight role with the daily risk-management responsibilities of senior executives,” Mr. Peregrine wrote.