Risk Committee Resource Guide for Boards
Is your company considering establishing a board risk committee, but not sure where to begin? To assist boards in thinking through risk governance and oversight, Deloitte is pleased to offer the “Risk Committee Resource Guide for Boards.” Even outside the financial services industry — where risk committees will become more prevalent with the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Federal Reserve’s notice of proposed rule making (NPR) on enhanced prudential supervision — many large companies are starting to explore how a board risk committee might help them navigate the broadening array of risks in today’s uncertain economic and regulatory environment.
This guide is designed to help organizations develop and strengthen their risk committees, and can also help boards improve risk governance and oversight even if a formal risk committee is not being established in the near future. The guide includes tools and resources that allow readers to explore topics such as key considerations in forming a risk committee; the risk committee’s charter, composition, and responsibilities; and risk committee education and evaluation.