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I think slight panic is hitting in so have to ask this………..
Is there any difference between a ‘risk committee’ and a ‘risk management committee’?
Thanks
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Risk committee is a sub-committee of the board. Don’t confuse the risk management committee
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Hi, eagleshen201, Thx your summary!
They are one in the Same. There are 3 absolutely important committees that you must know.
Nomination
Audit
RemunerationThen there is Risk, Corporate Social Responsibility and any others the company feels it needs, but back to the Risk, if the company is small enough it can fall under the watchful eye of the audit committee. The P1 notes are quite useful here but I have a very old Bpp study book which is still valid even though it still refers to the combined code. There may be a management team there in the company but they would not be a risk management committee. The committees are made up of ED and NEDs that is why they are committees. Hope this helps
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