4 February, 2023

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Boards and Risk – 2011

FRC

The UK Corporate Governance Code issued in May 2010 states that "the Board is responsible for determining the nature and extent of the significant risks it is willing to take in achieving its strategic objectives…and should maintain sound risk management and internal control systems".

'Boards and risk: A summary of discussions with companies, investors and advisers' is an attempt to capture contributions from companies, investors and advisers in the belief that these may be helpful to other companies in thinking about their own approaches to risk. It is not an attempt to provide guidance, and should not be seen as such.

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