eGroup: Enterprise Risk Management

Audit Committees Monitor Control Functions, Risk Committees Provide Oversight of a Strategic Function 

12-20-2010 09:49 AM

There has been much discussion in boardrooms of late about the subject of risk management. No doubt these discussions have been prompted by SEC Rule 33-9089 and the recently passed Dodd-Frank legislation. From a purely risk management perspective, the new SEC requirement for disclosure about the board’s role in risk oversight, which is applicable to all publicly traded companies, and the Dodd-Frank requirement mandating a new board level Risk Committee, which is applicable to a relatively few companies, might not seem to be related...

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