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Management and the directors of the board of the YMCA of Greater Toronto identified different major risks in 2018. Why might management and the board
Management and the directors of the board of the YMCA of Greater Toronto identified different major risks in 2018. Why might management and the board have different views on risk? Check ALL of the answers that could apply. Directors have a better more informed view of what can go wrong. Management will always make things look better than they are. Because of their own settings, directors may see or exaggerate a risk area. Directors may not know what mitigation has been put in place by management. Directors are afraid of risk in their role and can see risk everywhere. Management may actually have blind-spots and the board may see these better. Management might concentrate their risk management focus on internal issues and directors are responsible to see the external issues and bigger picture
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