Remediation

Bernard E. Munk

Chapter Chapter 14 in Disorganized Crimes, 2013, pp 188-211 from Palgrave Macmillan

Abstract: Abstract Reviewing the two periods of disorganized crimes over the last two decades, it is clear that corporate governance failures are recurrent and they often stem from poor monitoring performance.The board is the critical pivot for improving that performance, but boards are frequently unaware of the risks that their managers have taken on a contemporaneous basis. Important, time-sensitive information can easily slip through the cracks. The keys to improved monitoring must come from a continuous and transparent process of reviewing the actual risk profile of the company and, no less, communicating essential elements of that profile to shareholders.When shareholders are aware of company opportunities and the risks that go with those opportunities, markets can more accurately price a company’s securities adjusted for the risks the company is actually taking. It is this missing information that prevents markets from doing the work they are capable of doing.

Keywords: Corporate Governance; Rating Agency; Balance Sheet; Hedge Fund; Risk Position (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-33027-7_14

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DOI: 10.1057/9781137330277_14

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