The Institute of Directors (IOD) has teamed up with Axa to publish a guide to risk management for board members.
The guide, called 'Risk Management: Helping Directors to identify and control business risks effectively', has been developed to enable decision-makers to identify possible threats and introduce plans for mitigation.
IOD director general George Cox said: "This guide will help companies develop practical risk management strategy, which will assist in the day-to-day management of the business.
"And, if the worst should happen, it also offers advice on damage limitation."
