kaal:claim:1558614-038

Dodd-Frank's mandatory risk committee is a significant change because most boards then delegated risk oversight to the audit committee, and it may generate new litigation if committee composition or alleged committee failure becomes a basis for shareholder suits.

This requirement also could result in more litigation if the composition of the risk committee or its alleged fail- ure to do its job appropriately becomes a basis for additional share- holder suits.

Painter and Kaal, Initial Reflections on an Evolving Standard Constraints on Risk Taking by Directors and Officers in (2010), IV.D. Other Recent Developments, p. 52
https://ssrn.com/abstract=1558614 · source PDF

Painter and Kaal, Initial Reflections on an Evolving Standard Constraints on Risk Taking by Directors and Officers in (2010). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1558614

• publicly traded non bank financial companies supervised by the Federal Reserve and bank holding companies with more than $10 billion in assets

predictivesupport: arguedrisk-and-incentivescorporate-governancelaw-and-legal-systems

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