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.
