Maintaining the committee's effectiveness requires strong leadership, prioritizing the committee agenda, monitoring its oversight processes, and periodically reassessing its skills and composition. The audit committee, in discussion with the full board, should also periodically reconsider whether its risk oversight responsibilities still make sense as the risk landscape evolves. Inside these essential pages, discover 10 crucial steps every governing body should take, including:
• Cultivate independence
• Build a balanced team
• Address stakeholder concerns
• Approach risk proactively
• Spearhead fraud deterrence initiatives
• And moreMaintaining the committee's effectiveness requires strong leadership, prioritizing the committee agenda, monitoring its oversight processes, and periodically reassessing its skills and composition. The audit committee, in discussion with the full board, should also periodically reconsider whether its risk oversight responsibilities still make sense as the risk landscape evolves. Inside these essential pages, discover 10 crucial steps every governing body should take, including:
• Cultivate independence
• Build a balanced team
• Address stakeholder concerns
• Approach risk proactively
• Spearhead fraud deterrence initiatives
• And more
