ArtificiaI Intelligence and the Board Risk Committee by Isaac Alfon, senior risk practitioner and NEDonBoard member

The purpose of risk management in financial services is usually defined as to ‘protect and enable’. The ‘protect’ dimension can refer to the franchise value of the business but is mainly about protecting from regulatory intervention. ‘Enable’ has a perspective of value (however defined) and achievement of company objectives. AI-based solutions, leveraging on vast amounts of…

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Carillion’s lessons learnt – Part 1: Why all non-executive directors and board members should complete a training programme

The report of the select committees on the collapse of Carillion, released on 16th May has raised a number of important issues, ranging from the company’s corporate culture; its internal control environment; the competence and complacency of its auditors and advisors; the duties of the non-executive directors, chairman and senior executives who were members of…

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How do NEDs and board members get to understand the most technical aspects of board matters? Expert advice from Michael Bartholomeusz

Michael Bartholomeusz was one of the panellists of our Board Risk Committee Best Practice Event. He is a portfolio NED, a former Chief Risk Officer and a member of the NEDonBoard community. We asked Michael Bartholomeusz the following question: What best practices help board risk committees understand the most technical aspects of risks such as…

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What we have learnt from the expert panellists of the NEDonBoard Board Risk Committee Best Practice Event on 24th April

On 24th April, NEDonBoard hosted a panel discussion around best practices for board risk committees in the financial services sector. NEDonBoard takes this opportunity to thank the panellists, Michael Bartholomeusz, Marcia-Cantor Grable and Nick Dexter. Elise Perraud chaired the panel and moderated the discussion. This article outlines some of the highlights of the insightful discussion,…

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