Risk Management: Gauging the Implications of OSFI’s New Guidance on Crown Corporations
W. William Woods
President and CEO
Independent Review Inc.
Ron Schwartz
Managing Partner
RiskOnBoard Inc.
OSFI’s new corporate governance guidelines apply strictly to financial institutions; however, there is an undercurrent that indirectly raises the bar for Crown corporations. Join us for a detailed overview of the OSFI guidelines, an analysis of what they mean for the future of Crown corporation transparency and compliance, a discussion of their impact on enterprise wide risk management, and how to prepare to be in “compliance” with the expected new norm.
- Analysis of how these guidelines may influence risk management in Crown corporations
- Enterprise risk management:
- Top strategies used to incorporate risk management within a governance framework
- Solutions to overcome challenges in establishing a comprehensive framework to manage risk and proactively identify new risks
- Learning the importance of establishing your company’s risk tolerance and appetite
- Practical strategies to implement early on
- Discussions of where can boards find additional guidance on what proactive risk management tasks should be addressed in their organization