Risk Management and Board Effectiveness Coral Ingley A1 and Nick van der Walt A2 A1  Auckland University of Technology, Auckland 1142, New Zealand A2  University of Wollongong, Knowledge Village, P. O. Box 20183, Dubai, UAE Abstract: This study explores the relationship between corporate governance processes and the perceived management of risk by the board. Based on a large sample survey augmented by commentary on the results from focus groups comprising experienced directors, it considers the relative importance of board tasks within the context of the governance processes adopted by boards. In particular, it evaluates directors' assessment of their ability to influence the risk profile of the organization. It then considers their evaluation of other board members' expertise and experience as directors in relation to these processes. The findings highlight the fact that directors see other board members as lacking in key financial, accounting, and other skills and perceive them as being unable to influence key outcomes. These findings suggest that this lack of influence is a result of current governance architectures and is independent of board processes. The references of this article are secured to subscribers.

International Studies of Management and Organization
	Issue:	Volume 38, Number 3 / Fall 2008
	Pages:	43 - 70
	URL:	Linking Options
	DOI:	10.2753/IMO0020-8825380302