Two $8 billion-level collapses demonstrate that audit and board failures erode trust faster than any market shock. The lesson for risk managers is clear: governance controls must be robust, transparent, and continuously tested. A practical playbook includes: 1) enforce independent audit committees; 2) implement real-time board oversight dashboards; 3) standardize risk appetite documentation; 4) embed compliance checks into CI/CD pipelines; 5) conduct regular scenario-based board simulations. These steps help maintain stakeholder confidence and mitigate systemic risk.
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