Risk Management, Corporate Governance and the Public Corporation

Fred R. Kaen
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Fred R. Kaen: University of New Hampshire

A chapter in Risk Management, 2005, pp 423-436 from Springer

Abstract: Abstract The finance literature describes risk management as being concerned with identifying and managing a firm’s exposure to financial risk. Corporate governance is often described as the set of rules, structures and procedures by which investors assure themselves of getting a return on their investment and ensure that managers do not misuse the investor’s funds. This essay addresses the connection between risk management and corporate governance and the public corporation. We argue that risk management and risk management products help ensure the survival of the firm and thereby support broad public policy objectives — objectives beyond the immediate interests of the owners of the company and a narrow financial objective of shareholder wealth maximization.

Keywords: Risk Management; Corporate Governance (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-540-26993-9_21

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DOI: 10.1007/3-540-26993-2_21

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