Rajive Johri talks about one of the most important tools that boards can use to assess the effectiveness of their company’s internal control framework. He discusses the scenario of a product launch and looks at the kinds of questions likely to be asked by a board’s risk committee. This would include determining the overall risk to the company of taking on a new product, and whether the appropriate market research been conducted. He also discusses the need for boards to obtain input from consultants and outside experts.