Originally published March 9, 2016
Here is an excerpt:
However, the report does not recommend that all companies should form a committee. “While the need for more detailed oversight may favor the creation of a committee, there is a risk of the board’s own responsibilities being diluted – and of unnecessary overlap with other committees. What remains critical is that boards address the issues of ethics and values in the context of their approach to risk oversight, even when they do not have a committee”, it says.
One could argue that the creation of a committee in a boardroom is in fact a death knell to a broader discussion of the issue of company culture – which surely includes creating attitudes to corporate values, sustainability and realistic profit targets from an ethical base implicit in the business plan.
The article is here.