@inbook{648afe1d18524c8e81bc9336e3675983,
title = "Board of directors and risk management",
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.",
keywords = "Fiduciary duties, Regulatory risk management, Compliance, Corporate Governance, Corporate law, Court rulings",
author = "{van der Elst}, C.F.",
note = "Pagination: 424",
year = "2013",
language = "English",
isbn = "9041141413",
series = "European Company Law Series",
publisher = "Kluwer Law International",
number = "24",
pages = "129--152",
editor = "H. Birkmose and M. Neville and K. Sorensen",
booktitle = "Boards of directors in European companies",
address = "Netherlands",
}