You are an attorney and an independent member of the board risk committee of Fincorp, a consumer lending firm. You were appointed because the governance and nominating committee believed your legal skills would be helpful in managing risks of government regulation and class action lawsuits. Terry Thomas, Fincorp’s chief risk officer and a graduate of MIT, makes a presentation to your committee describing a new computerized risk-management system that involves “state of the art” modeling under different economic scenarios. The presentation is mostly in the form of math that is so far over your head you don’t even know how to ask a question. You are comforted by the fact that Jenny Jones, the chair of the risk committee and a professor at Harvard Business School, is smiling and nodding in agreement—especially when Thomas makes it clear that the financial models he is proposing to use are derived from Jones’ own research papers. Is there anything here that should keep you up at night?