What’s on the Minds of Audit Committees
Richard Steinberg 270004HRBG email@example.com | | 0 Comments | 154 Visits
For readers interfacing with your companies’ audit committees, a just released survey from Directorship Boardroom Intelligence highlights what’s in the forefront of committee members’ minds today. The results are reported in a top-ten list (unlike the Letterman top ten lists, this one appears to begin with the most significant):
With risk management being near the top, additional insight is provided with answers to the following questions:
What role does your board/audit committee play in the development of the company’s risk appetite?
Who in management is your board’s primary contact or interface regarding the company’s risk management system/processes?
Certainly food for thought when considering what your company’s audit committee sees as most relevant, and how it operates.
© Steinberg Governance Advisors, Inc. 2010. The information presented here does not constitute legal or any other type of professional advice. Companies are encouraged to consult legal counsel concerning their responsibilities for legal and regulatory compliance.