Summary of Risk from the CEO and Board Perspective

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Risk from the CEO and Board Perspective book summary
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Rating

8 Overall

9 Applicability

6 Innovation

8 Style

Recommendation

This is an easily accessible, short and reasonably thorough introduction to the subject of risk. The authors touch on almost every dimension of the topic, including financial risk, operational risk, reputation risk, governance risk and even the risk of terrorist attack. The book might have been quite a bit shorter and somewhat more focused on corporate management if the authors, KPMG vice chairs Mary Pat McCarthy and Timothy P. Flynn had tightened their anecdotes about anti-terrorist preparations at the Olympic Games. However, they seem to have believed that they would lose readers unless they provided a few entertaining distractions, and they could be right. Though it breaks little new ground, it plows the old ground interestingly. getAbstract.com recommends this portable summary of useful information to the CEOs and board members who are its intended audience, as well as to anyone responsible for risk management.

In this summary, you will learn

  • how CEOs and corporate board members should analyze and manage risk.
 

About the Authors

Mary Pat McCarthy is U.S. Vice Chair and Global Chair of KPMG’s Information, Communication and Entertainment business. Timothy P. Flynn is Global Managing Partner and Vice Chair of KPMG’s Audit and Risk Advisory Services.

 

Summary

Changing Risk
These are uncertain and sometimes dangerous times. Companies face many risks. Consider just a few of the risk issues that surfaced during the past two years: Currency exchange rate shifts can alter your company’s competitive picture. Even the rumor of...

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