(i) Change from “seat” to “office” is a technical correction; (ii) there should be freedom for companies to include more information in their corporate governance statement if they so wish; (iii) a broad overview of the risk management systems and internal control will be more useful for readers than a highly detailed description, and less burdensome for companies; (iv) the new sentence above will make it clearer what publicly traded companies actually will have to do and thereby contribute to legal certainty.
(i) Change from “seat” to “office” is a technical correction; (ii) there should be freedom for companies to include more information in their corporate governance statement if they so wish; (iii) a broad overview of the risk management systems and internal control will be more useful for readers than a highly detailed description, and less burdensome for companies; (iv) the new sentence above will make it clearer what publicly traded companies actually will have to do and thereby contribute to legal certainty.