How to tell if your company is taking on too much risk The aftermath of the corporate meltdowns at Lehman Brothers, AIG, Merrill Lynch, and others has left board members in all sectors—not just financial services—asking themselves about whether they need to get a better handle on the risks facing the organizations they govern. To gather insights on this important topic, I spoke to Wendy Lane, a former investment banker with Donaldson Lufkin & Jenrette and Goldman Sachs , who has firsthand experience with a corporate crisis, having served on the board of Tyco. Lane currently serves on three other boards, including UPM-Kymmere, a global forest products company in Helsinki. Edited excerpts of our conversation follow: Wendy, how can board members get a good handle on the risk appetite of the companies they govern—and whether they...
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