Exploring the types of risk management committees in Malaysian public listed companies: current practices and future research directions

This study investigates the types of risk management committees (RMCs) established by non-financial publicly listed companies in Malaysia, revealing diverse choices in RMC structures. The analysis shows that most companies have established RMCs, with variations including standalone RMCs, combined RMCs with Audit Committees, integration with other committees, and management-level RMCs. However, a significant portion of companies have not adopted any form of RMC. The study underscores the significant role of RMCs in enhancing risk management, financial performance, and compliance with corporate governance standards. The research highlights gaps in compliance and effectiveness, suggesting future research on the effectiveness of different RMC structures, the interconnectedness of RMC characteristics, and the behavioral aspects of RMC members. These insights aim to enhance Malaysian public listed companies' corporate governance and risk management practices.