As board members, we open ourselves up to risk - financial and otherwise. But how do you begin to get your head around exactly what this risk is and how deep it can reach into your and your family's lives?
I look to answer that question, sent in by a listener, who wanted to understand the financial risk she (and by default her family) might be taking on if she accepts a board position. She also wanted to know what the risks are of being sued, and if it's worth taking out insurance to cover the risks of being on a board?
Please note: all information in this - and other episodes of the Board Shorts Podcast - is general in nature. You should seek advice from appropriately qualified specialists to address your specific circumstance.
Full show notes: https://getonboardaustralia.com.au/board-shorts-podcast-the-financial-risks-of-being-on-a-board-ep-20/
