NORTHFIELD, Minn. (PRWEB) March 27, 2018 -- The Directors and Chief Risk Officers group (“the DCRO”) announced today the launch of the inaugural DCRO Exemplar Awards for outstanding leadership in risk governance. The awards are backed by leading innovators in risk and governance evaluation, TruValue Labs and The Governance Fund. Nominations are being accepted through April 20, 2018.
Environmental, Social, and Governance (ESG) factors have grown in importance to the boards of directors at publicly traded companies, investors, regulators, and across many other interests. The link between governing the related risks in these areas and the creation of value at companies is strong. The DCRO Exemplar Awards have been launched to recognize innovative leaders from around the world in this field, both individual and corporate.
“As a data and analytics company focused on the link between factors such as ESG and company value, TruValue Labs is proud to honor the companies and individuals that are leaders in risk governance,” said Hendrik Bartel, CEO of TruValue Labs. “We believe that excellence in governance is an important factor for investors as well as all stakeholders in the value chain.”
In addition to developing these awards, the DCRO serves as a hub for the exchange and development of best practices and guiding principles for boards of directors in the realm of risk governance. Its publications include the DCRO Qualified Risk Director Guidelines, the DCRO Guiding Principles for Compensation Committees, and the forthcoming DCRO Guiding Principles for Cyber Risk Governance.
“The Governance Fund is proud to support the work of the DCRO across all of its activities and has integrated it into our corporate offerings,” said David R. Koenig, Founding Principal. “It is only natural for us to be part of honoring those who are leading the way in risk governance practices around the world as we firmly believe good governance adds value for investors, employees, and anyone else whose success is dependent upon the success of other companies.”
Nominations for the inaugural DCRO Exemplar Awards are being accepted through April 20, 2018 at http://www.dcro.org/awards. Winners are expected to be announced in late May.
About the Directors and Chief Risk Officers group - The DCRO is an informal network of more than 2,000 board directors, chief risk officers, and other c-level executives from over 115 countries, whose work involves the governance of risk-taking. Group members develop and share best practices around risk governance across industries and geographical regions. At the core of DCRO work are a series of Guiding Principles developed by collective effort of DCRO Governance Councils. For information about the DCRO, please visit http://www.dcro.org or contact us at [email protected] or +1-917-338-6631.
About TruValue Labs - TruValue Labs is the first company to apply artificial intelligence (AI) to uncover timely Environmental, Social, and Governance (ESG) and other intangible risks from unstructured data. Clients use our flagship product, Insight360, to conduct in-depth risk research, monitor companies via daily alerts, compare ESG performance to peers and to identify the risks in your client, investment, or supplier portfolio. For information about our work, please visit http://www.truvaluelabs.com or contact us at http://www.truvaluelabs.com/contact.
About The Governance Fund® - The Governance Fund® is a private initiative to foster the better governance, understanding, and use of risk in the pursuit of value creation. It offers services for investors like Sustainable Value Grades®, Portfolio ShapingTM, target company engagement and expert analysis on risk governance infrastructure. For boards of directors, its work includes best practice reviews, Qualified Risk Director® search and activist mediation and engagement. For more information about our work, please visit http://www.thegovfund.com, or contact us at [email protected] or +1-612-286-1776.
David R. Koenig, The Directors and Chief Risk Officers Group, http://www.dcro.org, +1 917-338-6631, [email protected]