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Internal Controls and Risk Management -Five Key defenses against risk Manoj_Jain Sun, 03/02/2014 - 10:29
Risk Category

(Extract from Online News) "Achieving the proper balance between entrepreneurial risk and enterprise value protection is the most difficult task of risk management and internal control, according to a new report from the Committee of Sponsoring Organizations of the Treadway Commission (COSO)" The report describes how COSO’s enterprise risk management (ERM) and internal control frameworks can be used to improve organisational performance and governance "The five lines of defence identified by DeLoach, a managing director for global consulting firm Protiviti, are: 1.

Review of Corporate Governance Norms in India Manoj_Jain Sun, 03/02/2014 - 10:23
Risk Category

On 13th February 2014, SEBI Board approved the following proposals, which will take effect from Oct 1, 2014: (i) Exclusion of nominee Director from the definition of Independent Director (ii) Compulsory whistle blower mechanism (iii) Expanded role of Audit Committee (iv) Prohibition of stock options to Independent Directors (v) Separate meeting of Independent Directors (vi) Constitution of Stakeholders Relationship Committee (vii) Enhanced disclosure of remuneration policies (viii) Performance evaluation of Independent Directors and the Board of Directors (ix) Prior approval of Audit Commit

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