The Board of Directors will have
taken every possible action to explore the critical risks and
exposures facing the company.
Reduced exposure to litigation and reduced
liability insurance costs could result from the company’s
on-going commitment to the CORRA process and from the changes that
are implemented as a result of it.
A fully independent review assures that
Management’s biases, however unintentional, do not shape the
analysis or minimize the exposures that may be identified.
The integrated team, using a widely
diverse and highly qualified group of experts, assures that the
review will be as comprehensive and productive as possible.
The Board will gain new insight into
the company, its management and the information needed to make informed
choices about the risks the company faces.
Serious financial and public relations
exposures can be avoided or minimized through early identification
of risks and problems that might otherwise have been unrecognized.
The Board can be personally more comfortable
knowing it has taken the appropriate steps to protect the company
and its Board from adverse publicity or liability.
