Tag: Audit Committee

Boards Putting More Emphasis on Managing Culture Risk

Recent corporate scandals linked to problematic company cultures have led directors to look for ways to better monitor corporate culture, while trying to understand potential cultural risks and address problems before they get out of control. By treating culture risk as part of an integrated process of oversight that addresses Read More

U. of Michigan Disputes Its Own Internal Audit Report on Endowment

University of Michigan officials say that a 2014 internal audit of its investment office, which controls a $10 billion endowment, reached several faulty conclusions. The university disputed the audit, which found more than a dozen problems with oversight of the endowment, arguing that the audit department, University Audits, didn’t have Read More

Directors Say They Are in the Dark on Culture, Ethics, and Cyber-Risk

According to a new survey conducted by the National Association of Corporate Directors, board members say they are not getting enough information from corporate functions, including internal audit, on such issues as cyber-risk, corporate culture, and strategic risks. According to the survey, it was rare for a director to get Read More