Statutory Regulation of the Risk Management Function in Germany: Implementation Issues for the Non-Financial Sector

Jürgen Weber and Arnim Liekweg
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Jürgen Weber: Otto Beisheim Graduate School of Management (WHU)
Arnim Liekweg: Otto Beisheim Graduate School of Management (WHU)

A chapter in Risk Management, 2005, pp 495-511 from Springer

Abstract: Abstract The globalization of financial markets and several spectacular corporate crises were the prime forces that led the German legislator to pass the KonTraG, a law requiring companies to implement risk management systems. In order to harness this change as a value driver for companies, the article introduces a holistic concept of entrepreneurial Chance- and Risk-Management, which is designed to fulfill the dual requirements of the legislator on the one hand and of corporate management needs on the other.

Keywords: Audit; Chance; KonTraG; Management; Risk; Risk Management; Uncertainty (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_25

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DOI: 10.1007/3-540-26993-2_25

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