An Approach to Enterprise RiskManagement for Archive Depos

?erbãnescu Iuliu Cosmin ()
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?erbãnescu Iuliu Cosmin: The Bucharest University of Economic Studies The Faculty of Finance, Insurance, Banking and Stock Exchange
Authors registered in the RePEc Author Service: Cosmin Serbanescu ()

Ovidius University Annals, Economic Sciences Series, 2013, vol. XIII, issue 1, 1505-1508

Abstract: ERM (Enterprise Risk Management) should be considered a solution to the inherent problems within the undertakings. Without deceiving, it really stands for an optimization and replacement of insurance contracts, as a method of potential risk transfer. The way a manager deals with these realities is transposed in the final value-added framework for the stakeholders. As a consequence, his decisions are based on a prior debate with those involved (shareholders, creditors, insurance companies, market regulatory bodies, even partners). This paper work debates the solutions for archive deposits from an ERM point of view, emphasizing the possible solution for risk mitigation. It is also stated the importance of hierarchy of controls as an adequate method regarding the risk treatment. The debate underlines the necessity for rethinking the risk management according to domain specificity. The solutions provided consider the fire risk for this legal entity, as the core cause for major prejudice.

Keywords: Enterprise Risk Management; risk mitigation; insurance optimization; risk program; risk control. (search for similar items in EconPapers)
JEL-codes: G22 G32 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:1:p:1505-1508

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