Directors are often caught in a paradox: full accountability for performance and shareholder value, yet no direct control. LESRISK has advised Boards on the appropriateness of risk management practices and coached Directors to effectively use decision-making and control tools to improve oversight, and both build and protect value.
LESRISK builds value by empowering Directors with knowledge of their role and the tools to exercise oversight. As the diagram illustrates, we facilitate the alignment of Directors' risk tolerance with their approval of strategy, policies, budget and organization, and we enhance their capability to monitor management decision outcomes and outputs. In addition to identifying "red flag risks", we coach management and boards to unleash the benefits of board expertise.
the Ontario Financial Review Commission on public sector accountability.