The effective management of risk is now a key boardroom issue. Companies realise that, while financial integrity and business continuity are still of primary importance, these must be considered alongside practical business risks, such as branding and reputation, employment practices, product liability, health and safety, fraud, intellectual property, customer loyalty and supply chains. Problems in any of these areas can undermine prospects for creating value and delivering earnings to forecast. To manage business risks it is imperative that a company's board is structured to provide clear controls on risks and to deliver transparent reporting to stakeholders. Passively complying with rules and regulations is no longer an option. The second edition of this practical guide to potential areas of risk within a business contains invaluable advice for directors of both large and small companies, bringing readers up to speed with the latest thinking and techniques for managing risk in a structured and integrated way.