Risk management
Corporate governance risks remain significant deficiency that can impact the reputation, existence and continuity of organizations. What account for this is partly attributed to failure of the board of directors and control systems of organizations. Also, partly because inappropriate practices are engaged in by the Board or collusion of management that override significant internal control mechanisms resulting in financial losses or inability of the board to identify key risk factors of can impact business continuity.
Mostly, these failures are facilitated by corporate governance failures. In essence, the boards do not fully appreciate the risks that the companies are taking, (if they are engaging in reckless risk-taking behaviour themselves) and/or have different risk management system.
Required
Highlight some sound corporate governance practices that can help organizations to improve on their risk governance
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