Boards, including Audit and Risk Committees must:
I. Clearly articulate the corporate risk appetite to senior management
II. Thoroughly review compensation plans of potentially "highly compensated positions" for consistency with corporate risk appetite, competitive market conditions and fiduciary responsibility to shareholders
III. Have a single member formally given responsibility for understanding and reporting the effectiveness of the corporation's risk management infrastructure
IV. Be fully accountable to shareholders and work to the benefit of public good and financial stability
Submit