Framework
The Board Risk Survey is based on a comprehensive survey framework of eight areas that impact the effectiveness of a Board’s oversight of risk.
The survey statements included in the Board Risk Survey cover 75 distinct matters. The survey statements are designed to be penetrating and to encompass good risk management and/or good Board practice in relation to risk. Director written responses to four questions add context and improve the usability of the report.
The survey statements have also been designed to integrate with all Insync Surveys’ separate Board and Management Risk Committee Effectiveness Surveys and Employee Risk Culture Surveys. Significant extra insights are gained by organisations that carry out more than one of Insync Surveys’ integrated risk surveys and one or more of its other board surveys.
The survey framework and the relevant survey statements can be tailored to meet the requirements and specific circumstances of each client.
The eight survey framework areas and the main matters addressed in each framework area are shown below.
