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International Risk Governance Council, "The Emergence of Risks: Contributing Factors" (Geneva, Switzerland: International Risk Governance Council, 2010).
Better risk governance is needed, along with the policy, legal and procedural environments that facilitate action.
See PwC's Regulatory briefs, Risk governance: Banks back to school (September 2014) and Risk governance: OCC codifies risk standards, paving the way for increased enforcement actions (February 2014).
The International Risk Governance Council (IRGC) developed a Risk Governance Framework whose purpose is to help policy makers, regulators and risk managers both understand the concept of risk governance and apply it to their handling of risks.
The paper concludes with some cardinal rules for a systems approach to risk management and the significance of risk governance.
The "three lines of defense" are a well-known risk governance concept.
The "three lines of defense" model is the prevailing risk governance construct.
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What is the future of cyber-risk governance on corporate boards?
In 2015, The Conference Board's report Emerging Practices in Cyber-Risk Governance (the "2015 Report").
The overall responsibility for cyber-risk governance rests with the entire board.
Cyber-risk governance will be an integral part of overall governance well into the future.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com