Risk Governance
/ˈrɪsk ˈɡʌvərnəns/
Definitions
- (n.) The framework and processes by which risks are identified, assessed, managed, and monitored within an organization, ensuring accountability and compliance with legal and regulatory requirements.
Effective risk governance is essential for corporations to mitigate liability and uphold fiduciary duties.
Forms
- risk governance
Related terms
See also
Commentary
Risk governance emphasizes the legal structures and responsibilities surrounding risk-related decision-making, distinct from general risk management which may be broader and less formalized.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.