以下文字节选自历年真题，划线部分为结合案例进行分析的部分，未划线部分为通用文字（需要熟练掌握），考试时结合案例进行具体分析。

Advantages of establishing a separate risk committee

It would be advantageous for it to consist of a mix of executive and non-executive directors. Executive directors can contribute knowledge of how the risks the committee is reviewing affect the company operationally. They may also have more time to commit to the risk committee’s activities.

Non-executive directors will be able to take a wider perspective and look at the overall risk picture the company is facing. They may also have expertise in managing specific risks such as …

执行董事负责日程运营，更了解公司哪些方面存在风险；非执行董事具有丰富的视野广阔，看待问题更加全面，可能在解决某些风险上具备丰富的经验或者是能力。

A separate risk committee should have enough time to spend on other important risks and look at risks more widely, as it will not need to cover the accounting risks which the audit committee is considering. Focus on risks connected with the accounts may also mean that a lot of the audit committee’s work is focused on historic issues, whereas the risk committee can have a much greater focus on dynamic risks which may have a major impact in the future.

有一个单独的风险管理委员会可以把更多的时间和精力放在重要的风险上

The audit committee has a number of responsibilities concerned with monitoring, review and auditing. They may lack the time to play a proactive role in risk leadership. In any case, it will be difficult for non-executive directors, who are not involved in day-to-day operations, to give a lead. A dedicated risk committee can feed through to the board as appropriate, to ensure that risk is considered carefully when making key strategic and operational decisions. A risk committee, in conjunction with the risk manager, can focus on ways of promoting risk awareness throughout the company.

单独的风险管理委员会可以有一个risk manager去承担风险管理的主要职责，推动公司上下的风险管理意识。

Having a risk committee which meets more frequently should speed up communication and including executive directors will provide clear points of contact for internal communications about risk concerns. It may also simplify the risk manager’s reporting lines, as the risk manager can report directly to an executive director on the risk committee.

单独的风险管理委员会可以加强公司内部的沟通

Establishment of a separate risk committee can help persuade shareholders that the company is taking risk management seriously by going beyond the requirements of governance best practice. Shareholders will welcome this reassurance, because as CC’s risk report demonstrates, CC faces significant risks in areas such as health and safety and project delivery. More generally, the fact that CC is taking steps beyond the minimum requirements of governance best practice, because these are appropriate for its circumstances, shows a proactive attitude to governance and risk management which shareholders should welcome. This may be particularly important if CC suffers further adverse publicity arising from the injuries to the protester.

单独的风险管理委员会可以增强股东的信心，证明公司正在加强风险管理，提高风险意识