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From Kirsten Bischoff, Opalesque New York:
While US legislators work to put together a bill that will merge the Restoring American Financial Stability Act of 2010 with the Wall Street Reform and Consumer Protection Act of 2009, corporate governance is expected to see increased oversight on compensation, voting rules, proxy access, and corporate structures. However, some of the biggest challenges facing corporate boards in 2010 are the same challenges that many failed at in the run up to the 2008 financial crisis and will not be necessarily be affected or improved by new regulation.
In one of the panel discussions to be held this Friday (June 18) during the IAFE Annual Conference, the talk will focus on “Should Boards Do More?” Led by IAFE Board of Directors member and Founder and Managing Partner of Capital Market Risk Advisors (CMRA) Leslie Rahl, the discussion will center around the perceived top challenges for corporate directors during the next year and the importance of how a firm’s view of risk management is integrated with its business.
“If you look at the crisis that we went through, the things that really damaged firms were the lack of liquidity, lack of transparency, complexity and a whole series of soft factors that generally do not get calculated into the risk metrics,” she says.
Rahl says that while there were companies who und...................... To view our full article Click here
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