Board of Directors

What is the main role of board of directors ?

• Overseeing many aspects of a company's activities

• Responsible for governance, oversight and major decision making

• Identifying, measuring and treating property

• Provide overall direction

What is the primary responsibility of a board of directors ?

• Day-to-day management of the company

• Setting employee salaries

• Maximizing shareholder value

• Implementing marketing strategies

What is the purpose of the board's role in risk management?

• To transfer all risks to external partners

• To eliminate all risks

• To delegate all risks to the management team

• To identify and mitigate risks that may impact the company

What is the board's role in setting the risk appetite for the company?

• Defining the acceptable level of risk for the organization

• Delegating all risk decisions to the CEO

• Ignoring risk considerations in decision-making

• Focusing only on short-term risks

What is the significance of scenario planning in the context of board oversight in risk management ?

• It helps the board avoid all potential risks

• It allows the board to identify and prepare for various potential risks

• It shifts the responsibility of risk planning to the management team

• It is an unnecessary step in the risk management process

How can the board ensure effective communication of risk information within the organization?

• Restricting the flow of information to key executives only

• Relying solely on external consultants for risk communication

• Avoiding all forms of communication to prevent panic

• Encouraging an open and transparent culture of risk reporting

What role does the board play in monitoring and adapting the risk management strategy over time?

• Leaving all risk management decisions to the risk management department

• Ignoring changes in the business environment

• Continuously monitoring, evaluating, and adapting the risk management strategy

• Approving a static risk management plan for the entire business lifecycle

Starbucks's sales are going down due to ?

• Increased competition

• Changing consumer preferences

• Geopolitical problems

• Economic factors

How can Starbucks handle the problem without taking any political stance ?

• Make a plan that diversity their market enhancing public relations

• Introduce new innovative products

• Exploring with collaborations with popular brands

• Strengthening customer loyalty programs