


Boards and Risks
Risk awareness and supervision are among the primary duties of boards, yet many do not have a systematic approach to risk thinking, which undermines their ability to make critical decisions. Organizations face a growing set of enormous risks in today’s context: uncertainty resulting from geopolitical turbulence, evolving social dynamics, climate change tensions, and rapid technological developments.
IMD’s Boards and Risks program enables you, an aspiring or current board member, to familiarize yourself with the tools necessary to fulfill your responsibilities and develop a best-in-class approach to risk that is clearly distinct from executive risk thinking. Through an interactive learning experience featuring simulations, explore how corporations are dealing with the evolution of risk, including issues raised by sophisticated technologies such as AI, and broaden your knowledge of risk assessment techniques.
Developed and led by the IMD Global Board Center, this program is grounded in the latest insights and best practices, empowering you to lead the future of governance with confidence and foresight.
You can join the program for a standalone learning experience, or as part of one of IMD’s board diploma pathways.
The science behind risk management
Decoding the science of risk can help you rise above instinct and master the art of taking calculated, transformative risks. “Risk management is not about avoiding risks, it’s about deciding which risks have to be taken. The ability to identify the right risks, or ‘big bets’, as I like to call them, is what sets innovative leaders apart from traditional ones,” says Arturo Bris, Program Director and Director of the IMD World Competitiveness Center.
Navigating risk governance
- The governance of risk best practices
- Organizational wrongdoing & risk
- Supervisory versus management risk thinking
- Cyber risk simulation
Elevating risk management
- Risk brainstorming
- Dealing with non-traditional risks
- Strategic risks
- Regime shifts & uncertainty management
- Latest approaches to risks and risk appetite
Length: 2 days on campus.

“The most recent corporate governance failures were caused by the inability of boards to properly anticipate and rapidly manage new risks and uncertainties. It is paramount for board members to have a clear understanding of the tools and techniques that contribute to risk avoidance and value creation.”
Arturo Bris is Douglas Geertz IMEDE 1988 Professor in Geopolitics and Business, Professor of Finance, and Director of the IMD World Competitiveness Center. An award-winning teacher and program director, he ranks among the top 100 most-read finance academics worldwide. He is the author of several books, a frequent speaker at international conferences, and appears regularly on international media outlets.
His work has been published in The Journal of Finance, Journal of Financial Economics, The…
Arturo Bris is Douglas Geertz IMEDE 1988 Professor in Geopolitics and Business, Professor of Finance, and Director of the IMD World Competitiveness Center. An award-winning teacher and program director, he ranks among the top 100 most-read finance academics worldwide. He is the author of several…
Arturo Bris is Douglas Geertz IMEDE 1988 Professor in Geopolitics and Business, Professor of Finance, and Director of the IMD World Competitiveness Center. An award-winning teacher and program director, he ranks among the top 100 most-read finance…



Two pathways to board excellence



