On 11 October 2010, the International Corporate Governance Network published its Corporate Risk Oversight Guidelines. The aim of the guidelines is to help investors to assess a corporation's performance in overseeing its risk management function. The guidelines, which set out suggested practices rather than prescriptive rules, are split into three distinct sections on, respectively, the behaviour expected of boards of directors as regards their oversight of risk management, the steps investors should take to assess that board oversight and the information companies should disclose to investors to allow them to undertake that assessment.
The guidelines are intended to be used by all institutional investors who own stakes in corporations in all jurisdictions, as well as the boards of those corporations. However, the target audience is described as also including auditors, risk advisory and rating firms together with provincial, national and international supervisory body.