View REDW's LinkedIn Profile
 
Industry News

September 16, 2011 1:42:46 pm

Study Shows Positive Risk Oversight Trends in Major US Companies

A new study shows more companies have increased the risk oversight responsibilities of their board members and/or board-level committees during the last year.
 
The consulting firm that conducted the study focused on the 2011 proxy disclosure statements of the S&P 500’s top 200 companies.  The firm indicated the study not only demonstrates new trends among major U.S. companies regarding risk and oversight matters, but the importance those companies are now placing on disclosing their efforts in their proxy statements. 

The study focused on:

  • Management’s accountability on risk issues
  • Ownership of responsibility in risk and oversight matters
  • Corporate culture on risk management, and 
  • Responsibilities of audit and board committees on risk and governance issues.
     
One of the results of the study indicates that 6% more companies disclosed that additional committees beyond the audit committee are now involved in risk oversight.  A firm representative said, “These findings show a steady evolution of board risk oversight practices in major corporations over the past year.” 

For more on the risk oversight study, please see Compliance Week.

REDW has extensive experience in assisting organizations in governance, risk and compliance issues.  For detailed information about this service area, click here or contact Tina MacGregor.


Tags: Risk Management


Comments:

No comments currently posted.

Leave a comment:


posted by:


validation code:


please enter validation code above: