Setting up Enterprise Risk Governance

Stefan Hunziker ()

Chapter Chapter 4 in Enterprise Risk Management, 2025, pp 187-231 from Springer

Abstract: Abstract So far, we have discussed the relevance of ERM and 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 establishing effective risk governance. Sound enterprise risk governance serves as an essential basis for implementing effective ERM. It addresses external factors that influence the setup of ERM. Corporate governance codes, ERM frameworks, norms, and legal requirements all impact ERM. Internal aspects may also play a significant role in the effectiveness of ERM. We will examine corporate risk culture, roles, responsibilities, and tasks in detail.

Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-658-48879-6_4

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DOI: 10.1007/978-3-658-48879-6_4

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