- This topic has 2 replies, 2 voices, and was last updated 4 years ago by .
Viewing 3 posts - 1 through 3 (of 3 total)
Viewing 3 posts - 1 through 3 (of 3 total)
- The topic ‘Risk Committee Composition’ is closed to new replies.
OpenTuition recommends the new interactive BPP books for March 2025 exams.
Get your discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBL Exams › Risk Committee Composition
Like other Committees, should Risk Committees also consist solely of NEDs?
No…..NEDs take no part in the day-to-day running of a business so might not be well-placed to identify and assess risks. Risk committees are not a requirement of the UK Corporate Code and are not specified there. A NED or two on the committee is a good idea as they can bring perspectives to risks such as reputational risk, but many risks will be identified by executive directors aided by staff below board level.
Thanks Ken