Chief executives back formation of Committee of CROs

The newly formed Committee of CROs (chief risk officers) - aimed to create best practice in risk management for the U energy industry - has received strong backing from energy company chief executives.

The Committee was officially unveiled this week, backed by six major US energy company chief risk officers (Energy CROs committee set for public launch next week).

“A robust risk management function is one cornerstone of a strong corporation,” said Linn Draper, American Electric Power’s chairman, president and chief executive. “In our industry, the rapid expansion of energy trading makes that function more critical from day-to-day. For that reason, the potential value of bringing industry

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