What is Risk Committee?
A critical component of Corporate Governance is to have a strong Board. To do the assigned tasks effectively, the Board of Directors form different committees and one such committee to perform the responsibilities of Risk is Risk Committee.
Role of It
It is responsible for setting the risk appetite, monitoring risk management, and maintaining contact with auditors supervising all Risks.
Why is it essential to know This Committee?
This is the ultimate owner of Risk Management practices in the Bank. So, it is critical to know the core responsibilities of the Board Committee and Management regarding its Management practices.