Risk Intelligent Proxy Disclosure
Transparency into board level risk oversight
During the 2010 proxy season, Deloitte analyzed the risk disclosures in 398 proxy statements of the S&P 500 to identify reported risk oversight practices. The goal was to view the proxy statements as an investor or other stakeholder would to evaluate each company’s board-level risk oversight practices.
Key findings included the following:
- One-third (34 percent) of disclosures noted whether risk oversight and/or management is aligned with the company’s strategy.
- About one-fifth (22 percent) of disclosures noted whether the CEO is responsible for risk management or how the CEO is involved in risk management.
- About one-fifth (19 percent) noted that the company has a risk management committee at the management level, but only 4 percent noted the presence of a board-level risk committee.
Download the full report below to learn more about the findings of the analysis and the importance of achieving excellence in risk oversight capabilities and practices.
As used in this document, ‘Deloitte’ means Deloitte LLP (and its subsidiaries). Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.