Business Insurance

The SEC plan is among various regulatory and legislative mandates expected to emerge as governmental entities look to shape corporate governance and risk management practices in hopes of preventing recurrence of the credit problems and other issues that led to the financial crisis, several observers agree.

“I'm concerned there is going to be a lot of that, not just from the SEC,” said Mat Allen, senior vp and practice leader for enterprise risk services and solutions at Marsh Inc. in New York.

Other agencies, such as the Federal Trade Commission, also are likely to push for “some central government body mandate on boards interacting with risk management departments in a different way than they have in the past,” Mr. Allen said.

-- Mat Allen