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Article: Report: disclosures on ERM lacking at most companies.(enterprise risk management)
- Article from:
- Compliance Week
- Article date:
- August 1, 2009
- Author:
CopyrightCOPYRIGHT 2009 Haymarket Media, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The financial crisis has put risk-management practices under the microscope, but public company disclosures related to the subject apparently still have a long way to go.
That's according to governance research and rating firm GovernanceMetrics International, which found that standardized disclosure of company-wide risk management is lacking.
Of 4,162 global companies covered by GMI, only one-third provide comprehensive disclosure on their enterprise risk management policies in the annual report or other publicly available sources. Far fewer (8.4 percent) disclose they have implemented a nationally or internationally recognized risk-management charter or ...