Forums › ACCA Forums › General ACCA Forums › P1 Ceo help
- This topic has 7 replies, 4 voices, and was last updated 14 years ago by
MikeLittle.
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- November 26, 2010 at 6:17 pm #46277
Is it ethical 4 a ceo 2 b d head of risk committee?
November 26, 2010 at 10:24 pm #71760There should be typically some exec representative on a risk committee – whether it’s the Ceo or a different exec – I can’t see a problem. But at least one exec
December 1, 2010 at 4:34 pm #71761i think risk committee can be staffed by both neds and eds, but prefer neds.. and i think ceo can be the head, ie have a seat in the commitee.. am i right tutor?
December 5, 2010 at 2:37 pm #71762beckymo, i think mike not tutor, we are misunderstood!
risk committe should ber majority in ned and not at least one! and there are not any problem if there are ceo to be head of risk committee because there are majority in ned, and most of the decision will be made by voting, so if there are any problem or any info. is not disclose, there will be inform by other ned, either to the board or chairman.
December 5, 2010 at 2:41 pm #71763and there should be good in internal control where there can directly communicate to higher level, ie organisation status.
December 5, 2010 at 4:23 pm #71764Hey Dou! Yes I am the tutor and when I post “But at least one exec …” this is not the same as saying “only one non-exec” It seems that you have misunderstood me!
December 5, 2010 at 4:39 pm #71765i see. i think i misunderstood, sorry!
so in my explaination, are they any problem except for that ned?
December 5, 2010 at 10:11 pm #71766I don’t think there is anything to prevent the CEO from being on the risk committee, nor even the chair of the risk committee. In practical terms, I can see that it may be a distraction for someone as theoretically busy as the CEO also to be involvedd in such detail as the risk committee – but what do I know?
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