Risk and compliance oversight are critical responsibilities for boards in ensuring organizational integrity and adherence to legal and regulatory requirements. Boards are accountable for identifying and assessing risks that may impact the organization’s objectives and reputation. They establish risk management frameworks and monitor mitigation strategies. Boards also oversee compliance with applicable laws, regulations, and industry standards. This includes implementing robust internal controls, conducting periodic audits, and ensuring ethical behavior throughout the organization. By prioritizing risk management and compliance, boards safeguard the organization’s interests, protect stakeholders, and maintain trust in the marketplace.