This recently released report from Labrador: “A Revamp of Risk Oversight Disclosures” reveals insights on risk management and oversight disclosure practice trends based on the firm’s observations and analysis of 2025 proxy statements compared to prior years.
The report notes the following approaches to disclosure among S&P 100 companies based on its review:
- 75% of companies depict the distribution of specific risk oversight responsibilities among the board, board committees, and management, in a matrix, table, graphic or using other visual elements
- 70% include a section, subsection or call-out discussing the board’s role in ESG oversight
- 56% disclose an overview of the ERM process in the risk oversight section, including timeframes for assessing risks
- 16% include a table or graphic highlighting selected areas of oversight (e.g., sustainability, cybersecurity)
The report provides illustrative examples of enhanced or evolved disclosures that have moved away from the traditional committee oversight matrix: JPMorgan, Fortive; depict an integrated approach to risk management throughout the company: American Express, Boeing (p31); and demonstrate alignment / interrelatedness of risk, strategy, and sustainability: Travelers, Verizon, Lockheed Martin, UnitedHealth Group.