Code · BILL · 115th Congress · S. 2463 (Reported in Senate) — To establish the United States International Development Finance Corporation, and for other purposes. · Sec. 401

Sec. 401. Establishment of risk and audit committees

80 words·~1 min read·/bill/115/s/2463/rs/section-401

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To manage risks such as key strategic, reputational, regulatory, operational, and financial risks the Corporation shall establish a risk committee and an audit committee. Subject to the direction of the Board, the risk committee established under subsection

(a)shall have the responsibility of— carrying out independent oversight of the Corporation; reviewing and providing guidance on the risk governance structure of the Corporation; and developing policies for enterprise risk management, monitoring, and management of strategic, reputational, regulatory, operational, and financial risks.