Board of directors and risk management

    Research output: Chapter in Book/Report/Conference proceedingChapterScientificpeer-review

    Abstract

    The board of directors is responsible for an appropriate business risk management environment. The paper studies in a comparative way how legislators and courts fill this duty. We question whether the legislative and regulatory framework will improve the equilibrium between entrepreneurship and risk control. We advocate for a distinct approach for strategic and operational risk management, defining risk appetite and tolerance and sufficient monitoring. We also call for full and detailed reporting and compliance risk management.
    Original languageEnglish
    Title of host publicationBoards of directors in European companies
    Subtitle of host publicationReshaping and harmonising their organisation and duties
    EditorsH. Birkmose, M. Neville, K. Sorensen
    Place of PublicationAlphen a/d Rijn
    PublisherKluwer Law International
    Pages129-152
    Number of pages24
    ISBN (Print)9041141413
    Publication statusPublished - 2013

    Publication series

    NameEuropean Company Law Series
    Number24

    Keywords

    • Fiduciary duties
    • Regulatory risk management
    • Compliance
    • Corporate Governance
    • Corporate law
    • Court rulings

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