The Board and Risk Oversight: Increasing Transparency Through Proxy Disclosure
Deloitte’s analysis of new risk disclosures reveals the oversight practices of the S&P 500.
This 8-page feature article in the December 2010/January 2011 issue of NACD Directorship Magazine highlights Deloitte’s 2010 proxy season analysis of the relevant risk-related disclosures from companies included in the S&P 500. The results provide a profile of risk disclosures across key industry segments, insight into board risk-oversight practices and indicate ways in which boards and board-level committees can further enhance disclosures to increase transparency.
The article includes comments from Henry Ristuccia, partner, Deloitte & Touche LLP and U.S. Co-Leader of Governance and Risk Management services, and Maureen Errity, director, Deloitte LLP Center for Corporate Governance. Ristuccia and Errity agree that board members and companies should use their 2011 proxy disclosures as a way to offer even more visibility and transparency into their risk governance structures as well as the risk management infrastructure utilized to execute the program.
Read the article attached for the details of the risk disclosure findings as well as insight as to how boards are viewing risk.
Posted with permission from NACD Directorship
As used in this document, “Deloitte” means Deloitte & Touche LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.