CompUSA 2010 Annual Report Download - page 20

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17
objectives. The Nominating/Corporate Governance Committee is responsible for developing and recommending to
the Board a set of risk management policies and procedures, including the Company’ s compensation policies for all
its employees as they relate to risk management, and to review these policies and procedures annually. All
committees report to the full Board as appropriate, including when a matter rises to the level of a material or
enterprise level risk.
The Company’ s senior management is responsible for day-to-day risk management. Our Internal Audit
Department serves as the primary monitoring and testing function for company-wide policies and procedures, and
manages the day-to-day oversight of the risk management strategy for the ongoing business of the Company. This
oversight includes identifying, evaluating, and addressing potential risks that may exist at the enterprise, strategic,
financial, operational, compliance and reporting levels. The Internal Auditor reports directly to our Chief Financial
Officer and Audit Committee quarterly, and the Audit Committee considers risk management issues as part of its
quarterly agenda.
We believe the division of risk management responsibilities described above is an effective approach for
addressing the risks facing the Company and that our Board leadership structure supports this approach.