Aligning Risk Reporting with Risk Oversight
John Kelly 270004J7VQ firstname.lastname@example.org | | 0 Comments | 157 Visits
Compliance Week’s second annual eConference is just around the corner and kicking off the conference will be Rick Steinberg, founder and CEO of Steinberg Governance Advisors. Rick has a wealth of experience in corporate governance and in particular, the board-management interface as he advises boards of directors – and their governance, audit and other committees – of Fortune 100 companies, mid-size corporations, major institutional investors and leading universities, as well as federal governmental bodies.
In the first session of the event titled, “Aligning Risk Reporting with Risk Oversight,” Rick will outline how most boards believe that the CRO is solely responsible for all things risk-related, and that the CCO is solely responsible for all things compliance-related – which in reality, is virtually impossible. He’ll explain that the CRO and CCO are responsible for ensuring that there is an effective risk and compliance process in place to reduce exposure and litigation and that the CRO and CCO need to be sure they are giving the board the appropriate level of information needed to govern. In his presentation, Rick will describe how companies need a programmatic way to report on risk, controls, issues, and other risk and compliance related information to support the senior executives and board.