The Risk Intelligent Board: Viewing The World Through Risk-Colored Glasses
- Topics:
- Risk Analysis and Management
- Source:
- Deloitte Touche Tohmatsu
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Overview: When the risk management structure is optimized, every board committee will have risk on its agenda. Financial risk falls within the domain of the audit committee; compensation risks, the compensation committee; and succession risk, the nominating committee. (Note, however, that overall succession planning responsibility usually rests with the full board, with the nominating committee often taking a lead role in beginning the diligence process.) Each of these committees, in turn, reports back to the full board, which processes the information to develop a full-spectrum picture of risk. And, finally, the loop is closed when the full board addresses risk issues with management on a regular basis.
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Format: PDF | Size: 1,628KB | Date: Sep 2008 | Pages: 12
