About Us

Our Membership

Membership in the DCRO is strictly limited to active or recently active board members, chief risk officers, and other c-level executives whose work involves the successful governance of risk-taking. Members come from over 120 countries and represent large, medium, and small organizations, both for-profit and non-profit.

Our History

Founded in 2008, the DCRO was formed as a resource to board members, chief risk officers, and other c-level executives whose work is focused on the governance of risk-taking at their organizations. The mission of the group is to collaboratively advance the practice of risk governance around the world. 


As guidance to boards, investors, and stakeholders, DCRO members developed various Guiding Principles on Risk Governance, all of which are available for free download.


In 2020, the DCRO launched the DCRO Risk Governance Podcast, where directors, authors, and executives share their best practices with current and aspiring board members via 30-minute conversations.


In 2018 and 2019, through the DCRO Exemplar Awards, the DCRO recognized several individuals for their global leadership in risk governance and the advancement of governance practices. 


From early in the Great Recession until the spring of 2015, the DCRO published the Crisis Sentiment Index - a collaborative, real-time analysis of global, regional, and local risk conditions by DCRO members. The Crisis Sentiment Index provided a timely analysis of trends in credit availability, financial market (in)stability, and general economic conditions across various industries in diverse regions of the world. In March 2020, the Crisis Sentiment Index re-launched to help members address the COVID-19 pandemic.


From time-to-time, the DCRO facilitates member interaction via conference calls, resource sharing, in-person roundtables, benchmarking research, and more.

Our Founder

David R. Koenig formed the DCRO as a non-commercial, all-volunteer initiative. David has been at the forefront of innovation in the governance of risk-taking and risk management for more than three decades. He is the author of the critically acclaimed book Governance Reimagined: Organizational Design, Risk, and Value Creation as well as The Board Member's Guide to Risk. He is a member of the Editorial Board of the Journal of Risk Management in Financial Institutions. David has also written numerous articles and chapters in textbooks and was one of the founders of the Professional Risk Managers' International Association (PRMIA).