Boards demonstrate oversight by asking the right questions and ensuring decisions are recorded.

Why this matters

Regulators look for active governance, not passive receipt of reports.

Examples of effective challenge

• “What alternatives were considered?”
• “What evidence supports this decision?”
• “How ad when will we review this risk again?”
  
  

How oversight should be evidenced

• Board minutes referencing decisions
• Recorded follow‑up actions
• Clear ownership
  
  

What good looks like

Boards don’t need to be experts but they do need to be curious, informed, and document decisions.