Audit committee members reveal that many boardrooms are failing to debate risk alongside strategy.
Risk and strategy are not sufficiently linked in the boardroom discussions of a significant proportion of UK audit committee members, according to new research.
A survey by KPMG examining the reaction to revisions to the UK Corporate Governance Code found that only 51% of respondents could say that risk and strategy were considered together when raised in boardrooms.
Tim Copnell, chairman of KPMG Audit Committee Institute, said: “The complexity and global volatility that we’re seeing—swings in commodity prices and currencies, a decelerati
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