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Governance Bites #9: board role in managing risk, featuring Karty Mayne.
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Karty Mayne is a risk and compliance expert, and founder and director of Rosewill Consulting. She has a background in risk management in compliance from the trustee sector in financial services, and the Financial Markets Authority (New Zealand's financial services regulator). She is an independent director on a few boards. Her company assists financial services firms to create, implement and run compliance assurance programmes, helping them meet their regulatory and licensing obligations, and completes compliance audits.
Mark Banicevich asks Karty about the board's role in managing risks to an organisation, what tools and processes boards use to understand and manage risk, and he asks about compliance - what it is and how it works. He also asks about governance generally, whether governance differs between for-profit and not-for-profit entities, and whether governance differs overseas from New Zealand.
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