With the financial crisis focusing increasing attention on corporate risk oversight in general, the topic is top of mind for boards these days. Those grappling with the board’s role in overseeing the company’s risk exposure can take some tips gathered from other public company directors.

In a report published by The Conference Board, authors André Brodeur and Martin Pergler of management consulting firm McKinsey & Co. detail 10 best practices for risk oversight across all business sectors, gleaned from interviews with 20 corporate board members.