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There 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
i 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?
beckymo, 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.
and there should be good in internal control where there can directly communicate to higher level, ie organisation status.
Hey 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!
i see. i think i misunderstood, sorry!
so in my explaination, are they any problem except for that ned?
I 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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