Setting up Enterprise Risk Governance

Stefan Hunziker ()

Chapter Chapter 4 in Enterprise Risk Management, 2021, pp 165-208 from Springer

Abstract: Abstract So far, we have discussed the relevance of ERM, the challenges with cognitive and motivational biases. We elaborated on how the ERM process can add value to the company. This chapter covers relevant topics for setting up adequate risk governance. A sound enterprise risk governance serves as an important basis for implementing effective ERM. It addresses external factors influencing the set-up of ERM. Corporate governance codes, ERM frameworks, norms, and legal requirements all have an impact on ERM. Also, internal aspects may play a major role in the effectiveness of ERM. We will have a closer look at corporate risk culture and roles, responsibilities, and tasks.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-658-33523-6_4

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DOI: 10.1007/978-3-658-33523-6_4

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