Clarifying Committee Oversight Responsibilities For Evolving Enterprise Risks

The unprecedented events of the past two years have put corporate governance processes, particularly board and committee oversight of the company’s major enterprise risks, to the test. With board standing committees now playing such a vital role in helping boards carry out their risk oversight, there is a premium on clearly delineating the responsibilities of each committee for the various categories of risk, particularly where there are overlapping responsibilities...

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Patrick A. Lee is a senior advisor with the KPMG Board Leadership Center.