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Discuss one of the key ways that a typical board can lower an organizationâ€™s risk profile. Consider the following questions as you post your initial response:
- Which function of the board is related to risk management?
- What are the obligations of the board?
- How do obligations differ in a for-profit versus a nonprofit organization?
Refer to the text and past experiences as you provide evidence to support your response and the responses to your peers.