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- W2500496968 abstract "This chapter describes the appropriate corporate governance model to manage operational risk and business processes. For operational risk management (ORM) to work, it needs to be a key part of overall corporate governance structure. Corporate governance principles, applied to any type of for-profit, nonprofit, and governmental institution, deal with the rights and responsibilities of the institution's shareholders, board of directors, management, and various stakeholders. Moreover, the chapter examines how ORM can and should go beyond back-office processing and play a role in the governance over product and service development, deployment, and implementation. The corporation, beginning at the top and through all of the business functions, must truly and fully embrace the concept and the hard work of managing risk. This step mostly results in disagreements among business leaders in an organization. In the end, the organization would have a business process approach to managing operational risk and it would have a governance structure for ensuring all risks are uncovered." @default.
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- W2500496968 date "2012-01-02" @default.
- W2500496968 modified "2023-09-26" @default.
- W2500496968 title "Role of Corporate Governance" @default.
- W2500496968 doi "https://doi.org/10.1002/9781119200987.ch13" @default.
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