This is “Questions Boards Should Ask About Risk Management”, section 3.1 (from appendix 3) from the book Governing Corporations (v. 1.0).
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The NYSE listing requirements specify that, when addressing the audit committee’s duties and responsibilities, the committee charter should state that the committee must discuss management’s policies with respect to risk assessment and management. The ERM framework provides a context for such a discussion. Examples of questions the committee should ask include
with respect to strategy,This appendix is from Waller, Lansden, Dortch, and Davis (2005).
with respect to policy,
with respect to execution,
with respect to transparency,