Governance Update - ERAC (November '11))
The External Relations Advisory Council (ERAC) held an executive session on October 10 to discuss future directions in governance, continuing the discussion that began at the Fall Member Meeting. In addition, other areas under ERAC's portfolio of responsibilities were discussed, including enterprise operations, U.S. UCAN, corporate outreach and policy.
At the November 7 meeting, ERAC members received an update given by Ana Hunsinger regarding open positions, staffing and hiring priorities. Under the guidance of Bob Brammer, work continues to reposition and restructure industry relations and engagement. ERAC chair Tim Lance provided an update from the recent meeting of the Standing Committee on International Strategy (SCIS, sub-committee of ERAC). The topic of overall enterprise risk management was introduced, discussion ensued and will be continued. The next scheduled ERAC call is November 21.