Plichta Quoted on Risk Supervision

22 February 2010 CFO News

Foley Partner Mark Plichta was quoted in an article that appeared on CFO on February 22, 2010 titled "Who's Minding Risk?" Plichta discusses a Securities and Exchange Commission rule requiring companies to describe how the supervision of risk is distributed among their boards and board-level committees, stating that the rule could potentially create a situation where the compensation committee, the audit committee and a risk committee are all addressing similar areas related to risk. He remarks that because there are a number of areas for overlap, board members need to understand the boundaries of who is doing what.

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