Abstract
For the purpose of defining the risk management action area, three important managerial analysis models are: structure-conduct-performance paradigm and the functional view of risk management; systemic approach and transversal/process view of (risk) management; and value-based management and value perspective.
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Notes
- 1.
It is estimated that some 60 % of large US businesses, with a turnover of 20 billion dollars or more, have invested the equivalent of 100,000 man hours (comparable to the full time employment of 70 people for one year) in order to comply with the compliance obligations set, in particular, by Section 404 of the Sarbanes–Oxley Act.
- 2.
In 1999 the Corporate Governance Principles were approved, on the request of the OECD Council of Ministers (later updated in 2002). The World Bank, the International Regulations Bank and the International Monetary Fund took part in the process as observers.
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Borghesi, A., Gaudenzi, B. (2013). Governance and Risk Management. In: Risk Management. Perspectives in Business Culture. Springer, Milano. https://doi.org/10.1007/978-88-470-2531-8_2
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DOI: https://doi.org/10.1007/978-88-470-2531-8_2
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