The board of a company is not to manage the business, it is responsible for overseeing management and holding it accountable. At most banks, the board charges its main committees—e.g. the audit and risk management committees — with ratifying the key policies and associated procedures of the bank’s risk management activities. These committees also make sure that the implementation of these key policies is effective.Which of the following is NOT correct?

题目：The board of a company is not to manage the business, it is responsible for overseeing management and holding it accountable. At most banks, the board charges its main committees—e.g. the audit and risk management committees — with ratifying the key policies and associated procedures of the bank’s risk management activities. These committees also make sure that the implementation of these key policies is effective.Which of the following is NOT correct?

A、The role of the audit committee of the board is critical to the board’s oversight of the bank. It is responsible not only for the accuracy of the bank’s financial and regulatory reporting, but also for ensuring that the bank complies with minimum or best-practice standards in other key activities, such as regulatory, legal and risk management activities.
B、The members in the audit committee are required to have the right mix of knowledge, judgement, independence, integrity and commitment.
C、At a bank, the risk management committee of the board is responsible for independently reviewing the identification, measurement, monitoring, and controlling of credit, market, and liquidity risks. It does not need to report back to the board on a variety of items, such as all loans and/or credits over a specified dollar limit that are special or being made to related parties.
D、Incentive compensation should be aligned with the long-term interests of shareholders and other stakeholders, and with risk-adjusted return on capital.