Board ViewsRethinking Risk at the Board Level: From Risk Oversight to Foresight
Corporate boards increasingly face complex and dynamic risk landscapes, where traditional risk management processes excel at managing dormant risks but often fail to identify awakening risks that threaten the long-term sustainability of the firm. This paper proposes a dual-framing approach – combining “what if” and “what if not” perspectives in board decision-making – to address cognitive and procedural biases in risk governance. We integrate behavioral decision theory, risk governance frameworks, and fiduciary law to provide a conceptual model for improving board effectiveness. We demonstrate how dual-framing can mitigate risk traps, enhance strategic foresight, and strengthen adherence to the Business Judgment Rule. Practical implications for board governance, legal defensibility, and organizational resilience are presented.
Board ViewsMission Accomplished? The State of Digital Governance
Five years ago, I invited a number of thought leaders to reflect with me on the role of the board of directors in the face of digitalization. The result was a collection of twelve perspectives on the governance of digitalization (Hilb 2017). Where are we now, five years, one pandemic, and perceived thousands of articles on digital governance later?
VR-Zertifikats-Programm 26.2
Befähigt Sie als Verwaltungsrätin und Verwaltungsrat einen effektiven Beitrag zur wirksamen Führung und Aufsicht von Unternehmen und Organisationen zu leisten.
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21.8.2026 - 25.6.2027open
Dauer 15 Tage Sprache Deutsch Standort(e) Basel, St.Gallen, Thun, Valbella, Weggis und Zürich Investition CHF 19’500 -
