Risk Oversight: Faster, Higher, Stronger
Last October, the National Association of Corporate Directors (NACD) launched the Key Agreed Principles to Strengthen Corporate Governance for U.S. Publicly Traded Companies with the support of both business and shareholder organizations. Subsequently, NACD developed a white paper series on four areas that warrant more specific attention at the practice level, particularly in this environment: development of strategy; oversight of risk; approval of executive compensation; and transparency. This excerpt from the NACD White Paper on Oversight of Risk—the second of the four-part series—is based on input from hundreds of corporate directors in forums around the country, as well as an NACD Blue Ribbon Commission. It is a catalyst for thoughtful, deliberate debate in the boardroom and is presented within the context of the Principles.
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