Abstract

The current study examines the role of board of directors in improving riskmanagement. It examines the impact of board of directors' characteristics on riskmanagement effectiveness through board size, board independence, the number of boardmeetings, and CEO duality. In order to achieve this goal, the study introduced an index tomeasure the risk management. The proposed index is consisted of thirteen items, which aremeasured by the count of risk management related sentences through a manual contentanalysis of annual reports of a sample of listed Egyptian companies. The financial reportsissued from 2014 to 2017 were analyzed. The research sample includes 50 non-financialfirms listed in Egyptian stock exchange with a total number of observations equal to 200from 13 sectors. for testing the following hypotheses:

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