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- W2498953422 abstract "Corporate governance practices require directors to have good risk management information. Boards should have a formal schedule of matters specifically reserved to them including risk management policies. To comply with this requirement the organization's upward reporting structure should be such that the right people are informed of the risk profile. In addition, risk treatment activities should be properly assigned so that risk owners are noted in the risk profile schedules. Risk treatment is the process of selecting and implementing measures to modify the risk. Part of a good risk management structure is the presence of contingency planning to address the effects of adverse events as and when they occur. Since effective risk management involves the continuous assessment of both the risk environment and the operation of the identification, analysis and treatment process monitoring should take place. Risks are always changing and the response should be effective and rapid. Therefore an external review or audit of the overall process is necessary to enable the senior management to be confident that good risk management is in place and that the residual risk really reflects good corporate governance practice." @default.
- W2498953422 created "2016-08-23" @default.
- W2498953422 creator A5082167823 @default.
- W2498953422 date "2009-01-01" @default.
- W2498953422 modified "2023-09-24" @default.
- W2498953422 title "Corporate governance issues" @default.
- W2498953422 doi "https://doi.org/10.1016/b978-0-7506-8621-1.00010-3" @default.
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