My guest in this episode it Sheila Hooda, who is an independent director, advisor to CEOs, former C-level operating executive with 30+ years of global experience. She has provided strategic direction, driven growth and transformed Fortune 500 firms.
In this episode we discuss the key role Board of Directors around oversight of strategy. She discusses her views on the Board’s role in working with senior management strategy. We then consider risk as a key component of strategy and the Board’s role in assessing risk as it intersects with strategy. We then turn to the steps in the risk management process of (1) forecasting, (2) risk assessment and (3) risk based monitoring and the Board’s role in this process. We also discuss the types of information a senior executive should present to a Board around strategic risk and what types of training should a Board member received on risk, risk management and strategic risk.
Ms. Hooda is CEO of Alpha Advisory Partners and serves on the boards of Mutual of Omaha Insurance Company and Virtus Investment Partners. She is a thought leader and regular contributor and speaker on governance, strategy and leadership.
Prior to her board service, Ms. Hooda has held senior operating roles at TIAA, Credit Suisse Investment Bank, Thomson Reuters and McKinsey & Co., across the US, Europe and Asia/India. Ms. Hooda is a lifetime member of the Council on Foreign Relations and also serves on boards focusing on Education, Women’s Empowerment and Global Policy.
The Board of Directors has a key role in the oversight of strategic risk for an organization.Click to tweet