In support of a sustainable and profitable corporate America, the National Association of Corporate Directors (NACD) created the Advisory Council on Risk Oversight in 2012. Since then, this council has brought risk and audit committee chairs from Fortune 500 companies together with investors, regulators, and other stakeholders to explore ways to strengthen corporate governance in general and the work of the risk committee in particular.
PwC and Sidley Austin LLP collaborate with NACD in convening and leading the council.
Meetings and teleconferences are conducted under a modified version of the Chatham House Rule to maintain an environment for candid dialogue. No outside media is present at advisory council meetings. All delegates participate on their own behalf.
There is no cost associated with council participation other than travel expenses.
Conversation is ongoing, punctuated by semi-annual meetings, typically from 8:30 a.m. - 2:00 p.m., in Washington, D.C. or New York City. Debrief conference calls for non-attending delegates follow each in-person meeting.
*This list of recent participants is representative, not comprehensive. Delegates participate on their own behalf, and listed companies correspond to delegates' audit committee chair roles. Council rosters are subject to change.
NACD believes that the dialogue facilitated by the four advisory councils is vital to advancing the shared, overarching goal of all boards, investors, and regulators: a sustainable, profitable, and thriving corporate America.