Risk Committees

Dec 31, 2013

Proxies Reveal Enhancements in Board Risk Oversight

Explore Deloitte’s survey of S&P 200 proxy disclosures, revealing how boards are enhancing their risk oversight, with notable increases in focus on compensation and reputational risk across industries.

Oct 2, 2012

Chief Risk Officer vs. Risk Committees

Paul Zavolta shares how Alpha Natural Resources combines a CRO and risk committee to enhance ERM and emphasizes the need for leadership skills and education in risk management.

Oct 2, 2012

Internal Audit’s Role in Risk Management

Discover Michael Somich’s insights on internal audit's evolving role in ERM at Duke University, including strategies for risk oversight, strategic planning, and creating value through leadership.

Aug 3, 2012

The Importance of Board Support for Enterprise Risk Management: Part 3

Discover Duke University’s approach to linking internal audits with risk oversight, fostering collaboration between audit committees and leadership to enhance risk-informed decision-making processes.

Jun 4, 2012

The Importance of Board Support for Enterprise Risk Management: Part 1

Learn how Duke University’s board enhances strategic risk oversight through tailored materials, proactive discussions, and leveraging expertise, driving effective Enterprise Risk Management practices.

May 15, 2012

Allegations of Risk Management Overrides Swirl at JPMorgan Chase

JPMorgan's $2 billion loss underscores the importance of risk management and culture, as executives face scrutiny for sidelining risk concerns.

Feb 1, 2012

Is it Necessary to Have a Separate Risk Committee?

A hot topic in risk management discussions within organizations is the debate about whether a separate risk committee is necessary for a company to have effective enterprise risk management processes. The authors of this Conference Board article believe “It depends.” The risk management process is a very individualized process. Organizations need to take a long look in the mirror to ensure that a separate risk committee would not create more unnecessary bureaucracy. By learning the business and its strategies more intimately, the organization can determine the risk environment of the firm at a higher level, which in turn will give insights into the necessity/requirement of having a separate risk committee.

Jan 10, 2012

Compiling and Presenting Interview Data from Risk Interviews

Learn how HCA’s David Hughes identifies and communicates top risks, organizes data by risk type and management level, and ensures board-level engagement in risk oversight.

Jan 1, 2012

Risk Management in Deloitte’s 2011 Board Practices Report

Deloitte's Board Practices Report reveals key findings on board involvement in strategy, risk oversight, and governance. Explore trends in risk committees and board responsibilities for public and non-public companies.

Jan 1, 2012

Risk Committees

While most often the board of directors delegates risk oversight to the audit committee, increasingly boards of creating separate board level risk committees charged with that responsibility. This is particularly true for financial services firms, given requirements imposed by the Dodd-Frank legislation for larger banks to form separate risk committees. In an effort to assist companies who are considering the establishment of a board risk committee, Deloitte has organized a resource guide of ideas, recommendations, and specific tools. This resource will help assist those entities that will need to be in compliance with the Federal Reserve’s requirements developed to implement the provisions of Dodd-Frank. Although the guide is helpful for companies that must comply with the new Dodd-Frank regulations, it can be useful for any company that wishes to obtain more information on risk governance and oversight.