Risk Intelligent Proxy Disclosures 2011
Have risk-oversight practices improved?
In 2011, Deloitte conducted a follow up analysis of risk-related disclosures in proxy statements issued by S&P 200 companies. Similar to the 2010 review, our analysis of risk-related disclosures in proxy statements was to take the perspective of an investor or other stakeholder in evaluating each company’s board-level risk oversight practices, and to provide a window into risk oversight and management practices—at least to the extent these are disclosed.
The focus of the 2011 analysis was sharpened to review of the proxy statements of the S&P 200 and the 12 considerations most often indicated as areas of interest by board members and executives in our client interactions. The 2011 analysis provided evidence of a steady and encouraging evolution of activities. For example, this year almost half disclose whether risk oversight/management are aligned with company strategy and 13 percent more than in 2010 disclose whether the CEO is responsible for risk management, or how he or she is involved.
Deloitte views the work of improving risk oversight and management as a continuous and evolving process As enterprise leaders carry on this work, it is important to embrace transparency around risk governance and management practices and keep stakeholders informed.
Download the full report to learn more about the findings of the 2011 analysis and the importance of striving for continuous improvement in risk -oversight capabilities and practices.
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