Critically differentiate, by including practical examples, between the roles and importance of executive directors and non$-$executive directors in the risk management process of a construction company.

Your answer should:

Define the functions and legal responsibilities of both executive and non$-$executive directors within a board structure.

Analyse how each type of director contributes to identifying, assessing, and mitigating risks specific to the construction industry.

Discuss how the independence of non$-$executive directors adds value to project risk governance and decision$-$making.

Provide a reasoned view on how the balance between executive and non$-$executive influence affects risk culture and strategic risk oversight in construction firms.