ABSTRACT
In Part I of the book we considered the lessons from the financial market crisis since 2008 to illustrate the challenges facing directors as the soundness of corporate governance systems is scrutinised. The management of risks, and assurance of its effectiveness, was shown to be disjointed and did not support effective risk governance. We concluded Part I with a call to rethink the nature and the role of assurance in corporate governance. We move the discussion forward in this chapter by understanding the challenges facing boards in gaining a clear and holistic risk picture as they cut through the clutter of information they are given in the name of assurance.
