Proficient corporate governance is critical to the survival of any organization, whether it be a large public company or a small nonprofit entity. When we read in the newspapers about spectacular failures, such as WorldCom, Enron or Arthur Anderson, we think it couldn't happen to our own organization. However, the fact is that it does happen, every day, and usually because no one asked the tough questions. Select a company that has a name which starts with the R or D and identify future risks and concerns the company may be facing (hint: The Management Discussion & Analysis section of an annual report will sometimes discuss/address these risks). If you were a member of the Board of Directions, what type of questions would you ask the CEO/CFO/fellow Board members to address these risks?