NACD Convenes Inaugural Advisory Council on Risk Oversight

Originally posted at NACD Online: http://www.nacdonline.org

Fortune 500 Committee Chairs and Corporate Governance Leaders Meet to Discuss Board Risk Oversight

WASHINGTON, DC (November 14, 2012) –The National Association of Corporate Directors (NACD) convened its inaugural Advisory Council on Risk Oversight Oct. 29th to discuss the current environment in risk oversight for corporate boards. NACD was supported by partners PwC and Gibson, Dunn & Crutcher LLP.

Amid Hurricane Sandy, members of the delegation met telephonically to discuss the current and emerging risks facing directors. In the abbreviated meeting, the council discussed two important issues: allocation of risk and the new era of reputational risk oversight.

“Assembling directors and key stakeholders is crucial to understanding each party’s expectations and making a more informed decision about how to achieve better oversight,” said Ken Daly, president and CEO of NACD. “Through advisory councils like this, we can ensure the right subjects are being addressed.”

Read the full article here: https://www.nacdonline.org/AboutUs/PressRelease.cfm?ItemNumber=5978