BoardEx has been delving into data to help make sense of the bedlam, and analyzed data about risk committees, bodies that focus directors on companies’ risk management abilities — and what sectors and indexes are most likely to have them already in place.
Leading the six indexes analyzed, the FTSE 250 led the way in risk committee setup — 39.2% of those companies have risk committees in place. Meanwhile, of the indexes analyzed, the lowest percentage of already-established risk committees was in the S&P Small Cap 600.
Additionally, BoardEx’s by-sector analysis kicked back a few surprising results. First, more than 60% of the financial services companies analyzed had a risk committee in place. The sector with the next highest percentage of risk committees? Business services, at a little more than 20%. The tobacco and chemicals sectors brought up the rear, with very few preexisting risk committees between them.
Mitigating risk will be on the agenda for all boards, but companies that already have risk committees established may have an advantage. BoardEx can help you identify Chief Risk Officers and directors that sit on risk committees through a proprietary relationship mapping algorithm.
Data analysis completed by Alex Architektonidis, follow him on LinkedIn.