Risk oversight expectations are escalating at an unprecedented rate. Do you know where your risk gaps are?
At Risk Oversight Inc, we:
Time for a better response to new risk requirements from the SEC and CSA.
With recent economic meltdowns, investors and shareholders are putting more pressure on public companies to better disclose how they manage risk—and to do a better job of it.
The Securities and Exchange Commission (U.S.) now requires, through enhanced proxy disclosure rules, that boards report specifically on their responsibility for, and execution of, their risk oversight responsibilities.1 And the Canadian Securities Administrators (CSA) are right behind them.
In December 2010, the CSA released a review of public company filings and now expect that companies disclose and provide insight into:
- The board’s responsibility for oversight and management of risks.
- How responsibility for risk oversight and management is delegated to board and management-level committees.
- The development and periodic review of the issuer’s risk profile.
- The integration of risk oversight and management into the issuer’s strategic plan.
- The identification of significant elements of risk management, including policies and procedures to manage risk.
- The board’s assessment of the effectiveness of risk management policies and procedures.2
We can help.
Risk responses within public companies can differ widely—we know risk across many industry sectors and countries. We have the risk leadership and training support to help your company shore up against pressure from new risk oversight expectations, and enhance investor and shareholder confidence.