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HBR: Make Tax Planning a Part of Your Company’s Risk Management Strategy Thumbnail

HBR: Make Tax Planning a Part of Your Company’s Risk Management Strategy

Taxes Small & Medium-sized Business

Research finds that companies that incorporate their tax-planning decisions into their overall enterprise risk management are better able to find that balance of risk and reward. To do this, boards should 1) Take responsibility for risk oversight, 2) Engage in risk-monitoring activities on a regular basis, and 3) Foster an appropriate risk mindset.