Role of the Board Establishing An Effective Risk Management Framework

Course Objectives:

Understand the need for taking reasonable risks to achieve
reasonable returns
Understand the detrimental effect of risk aversion
Identify and differentiate three different approaches to risk
management
Know what is involved in identifying, assessing and
managing/mitigating risk.
Understand the board’s role in the risk management process.

Target Audience:Credit union board members

Study time: 2 Hours

Author:
Franck Schuurmans, Ph.D., CAE *

* The author of this course wishes to note that this course has greatly benefited from the generous support of his colleagues Bernardo Sichel and Stephan Hagelauer of DSI and Jack May of Strategic Radar Inc. All errors and omissions are the author’s responsibility.

© 2008 Credit Union Executives Society, all rights reserved