Enterprise Risk Management (Preview)

Chapter 1 – Risk Management Awareness 39 3. What board committees are mandatory based on the NYSE Corporate Governance Guide? Explain whether boards can create other committees and give examples. 4. What are the differences between a goal, a strategy and an objective? Provide an example that illustrates your explanations. 5. What is shadow banking and why is it important to the work of the Financial Stability Board (FSB)? Refer to Appendix 1B for a description of the FSB.