This book investigates how corporate directors and leaders can effectively govern strategic risk-taking within the context of volatile global markets. Torben Juul Andersen, a professor of strategy and international management, draws upon organizational theory and empirical observations of corporate behavior to argue that risk management must be integrated into the core governance structure. He posits that ethical frameworks and decentralized organizational designs are necessary to empower actors at all levels to make informed, strategic decisions rather than merely reacting to threats.

Experts in corporate governance identify this text as a useful bridge between high-level strategic theory and practical organizational design. Readers frequently note the academic density of the prose, which is best suited for senior executives and management scholars interested in the structural aspects of risk oversight.