Risikomanagement in Industrieunternehmen — gesetzliche Anforderungen und Umsetzung nach dem KonTraG

Gerhard Emmerich

Schmalenbach Journal of Business Research, 1999, vol. 51, issue 11, 1075-1089

Abstract: Summary Industrial enterprises have regarded Risk Management as an essential part of corporate governance for years. Nevertheless the realization of specific risks has lead to sudden failures of large German and international companies. The German legislator therefore changed the German Stock Corporation Law by the Law of Control and Transparency in Enterprises, which came into force by May 1, 1998. Comparing the legal requirements with Risk Management Systems that have been installed before often shows remarkable deficiencies. Industrial enterprises must especially complete their risk assessment. Furthermore the quantitative approach of analysing risks has to be improved or even installed. Risk communication tools have to ensure that executives are informed in an early stage. Finally there is a need for documentation, both for the purpose of realization and auditing Risk Management Systems.

Date: 1999
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DOI: 10.1007/BF03371612

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