This informative, just-updated risk primer from Wachtell Lipton: "Risk Management and the Board of Directors" identifies legal, regulatory, and best practice guidance sources underlying the board's risk oversight responsibilities, common practices, and tangible recommendations for improved effectiveness. The memo includes discussions on risk oversight vs. risk management and the board risk oversight structure, and special considerations relative to sustainability and cyber & data privacy risks.
See the firm's "Director Liability - “Caremark Protection”; the Proxy Season discussion below on Board Risk Oversight Disclosure; and additional information and resources on our Risk Management & Oversight and Director Duties & Liabilities pages. This post first appeared in the weekly Society Alert!