Boards of Directors in the United States, having focused heavily on Sarbanes-Oxley requirements and more rigorous governance and compliance standards, are now beginning to assess their evolving role in providing oversight in the area of enterprise risk management (ERM). In view of the rapidly developing state of ERM in U.S. corporations, boards face a particularly challenging set of issues in responding to the need for improved oversight of risk management. The Conference Board with McKinsey & Company and KPMG's Audit Committee Institute conducted research on the role of U.S. corporate boards in Enterprise Risk Management between October 2005 through February 2006.

Topics Covered:

• Executive Summary
• Key Research Findings
• Recommendations to Corporate Boards
• What Is Enterprise Risk Management?
• Key Steps In Implementing An ERM System
• Evolving Legal Developments Make it Prudent for Directors to Ensure They Have a Robust ERM Oversight Process in Place.
• Directors Should Consider Making Improvements in Their ERM Oversight Processes.
• Sound ERM Oversight Practices are Now Recognizable in a Number of Leading Companies.
• Companies are Looking at Best-In-Class Peers for Emerging Practices in ERM Oversight.