What does FRMC mean in FINANCE
The FRMC is a committee established by the Board of Directors to oversee the financial and risk management policies and practices of an organization. The FRMC is responsible for ensuring that the organization has adequate financial resources and risk management controls in place to meet its objectives.
FRMC meaning in Finance in Business
FRMC mostly used in an acronym Finance in Category Business that means Finance and Risk Management Committee
Shorthand: FRMC,
Full Form: Finance and Risk Management Committee
For more information of "Finance and Risk Management Committee", see the section below.
Essential Questions and Answers on Finance and Risk Management Committee in "BUSINESS»FINANCE"
What is the Finance and Risk Management Committee (FRMC)?
What are the key responsibilities of the FRMC?
The key responsibilities of the FRMC typically include:
- Developing and overseeing the organization's financial policies and procedures
- Approving the organization's annual budget and financial plan
- Monitoring the organization's financial performance and risk exposure
- Overseeing the organization's internal and external audit functions
- Reviewing and approving major financial transactions
- Advising the Board of Directors on financial and risk management matters
What are the benefits of having an FRMC?
There are several benefits to having an FRMC, including:
- Improved financial performance and risk management
- Increased shareholder confidence
- Enhanced regulatory compliance
- Greater transparency and accountability
How is the FRMC structured?
The FRMC is typically composed of members of the Board of Directors, senior management, and external experts. The FRMC is typically chaired by the Chairman of the Board or another independent director.
How often does the FRMC meet?
The FRMC typically meets on a quarterly basis or more frequently, as needed.
FRMC also stands for: |
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| All stands for FRMC |