Board directors and general counsel are spending more time on enterprise risk management as a result of Sarbanes-Oxley compliance, but they would prefer not to, according to a newly released study.

Forty-five percent of directors and 48 percent of general counsels spent more time on ERM in 2006 than in 2005, according to a survey of 802 directors and 235 general counsels by FTI Consulting and Corporate Board Member magazine. However, only 27 percent of directors and 25 percent of general counsels would like to see their boards spend more time on risk management in 2007.

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