Strategic risk — which may be defined as the risk to the achievement of a company’s strategic plan — is at the forefront of any board’s agenda. While boards have always focused on the oversight of strategic risk, the recent financial and economic crisis has led companies and boards to refine, and in some cases change, their approaches to this function.

The Lead Director Network (the “LDN”), a group of lead directors, presiding directors and non-executive chairmen from many of America’s leading companies, met on April 3, 2012 to discuss board oversight of strategic risk. Following this meeting, King & Spalding and Tapestry Networks have published a ViewPoints report here to present highlights of the discussion that occurred at the meeting and to stimulate further consideration of this subject.

The following provides highlights from the LDN meeting, as described in the ViewPoints report.

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