Corporate Governance and Risk Management

Board of Directors of Public Listed Companies are responsible for managing all risks both internal and external. This responsibility may be assigned to Board Risk Committee (BRC) in certain organizations, while in others Audit Committee may also be delegated with the task of auditing both Financial and Risk Management. Please review the questions below and provide us with your opinions as appropriate.

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* 1. Which of the following sources of Corporate Governance Standards are adopted by your Board?

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* 2. Is there a position of Chief Risk Officer (CFO) in your Company?

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* 3. In your view is it necessary to have a BRC within the Board?

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* 4. Should BRC be responsible for managing financial risks also?

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* 5. Is it better to keep financial risk evaluation matters within Audit Committee?

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* 6. Can a company have a Board, BRC, AC, CRO, CFO and a CEO?

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* 7. BRC can only be effective if it has the mandate to evaluate risks due to internal controls and external factors. Do you agree?

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* 8. Which of the following best describes your current designation or occupation?

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* 9. In what country do you work?

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* 10. What industry does your company belong to?

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