Until recently, most non-executive directors would have told you that the audit committee is the one they really wish to avoid. The meetings are long, the papers voluminous, and the duties burdensome. So the conclusion of a recent survey by Per Ardua, an executive search company, came as a surprise. Eighty per cent of respondents in the financial sector now say that the risk committee is the one to dodge – even though audit and remuneration committees have so far more often exposed non-executives to public criticism. Continue reading »
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