The second governance variable is a dummy variable, which is equal to one if the bank has a dedicated committee solely charged with monitoring and managing the risk management efforts within the bank (Risk committee).  (Aebi et al, 2012)
 
just having a risk committee does not necessarily help banks’ crisis performance., However, having a more dedicated committee that meets more frequently seems to positively affect the banks performance in the crisis  (Aebi et al, 2012)