Risk in the Boardroom
According to the results of a survey by The Conference Board in collaboration with NASDAQ OMX and NYSE Euronext, almost one-quarter of financial services companies have instituted a dedicated risk committee, compared to 5 percent of nonfinancial services companies and 3 percent of manufacturers. Financial companies are also the only industry group in which more than half of companies report on risk at each board meeting and as part of the regular board agenda. Boards at manufacturing and nonfinancial services companies receive information on risk from management at least annually. For more survey results, read the full report.