Risk committee Flashcards
(4 cards)
1
Q
Who typically makes up a Risk Committee?
A
Often independent members, not strictly defined by the Code.
2
Q
What is the main role of the Risk Committee?
A
Monitors enterprise risks and ensures regulatory compliance.
3
Q
What are benefits of a Risk Committee?
A
Provides dedicated risk oversight, encourages a proactive risk culture.
4
Q
What are the limitations of a Risk Committee?
A
Can overlap with audit responsibilities; adds complexity.
