The role of the board and the audit committee in corporate risk management

This study aims to determine the effect of the board structure on business risk management. One indicator that can show the implementation of risk management is risk disclosure by the company. This study uses a quantitative approach with the research population being companies in Indonesia and Singapore included in the ASEAN Stars 2015 – 2018. Furthermore, this study uses a regression analysis technique to examine the effect of the board structure on corporate risk management. The results of this study indicate that although the structure of the board of companies included in ASEAN STARS in Indonesia and Singapore has differences, the results of the analysis of the two are not much different. This study shows that an independent board of commissioners and the frequency of meetings have a significant effect on the company's risk management. Otherwise, the composition of the female board of commissioners is proven not to affect the risk management. Overall, the results also show an increase in corporate governance activities and an increase in risk management activities. The results of this study can be used as input for potential investors to evaluate quantitative information, and other qualitative information such as the role of the board of commissioners and risk disclosure can be useful in decision making.

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IMPROVING THE EFFICIENCY OF THE BANK'S BOARD OF DIRECTORS BY IMPROVING RISK MANAGEMENT

EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA ◽

10.36871/ek.up.p.r.2021.12.04.005 ◽

2021 ◽

Vol 4 (12) ◽

pp. 30-34

Author(s):

Indira Z. Toguzova ◽

◽

Soslan I. Kalitsov ◽

Natalie V. Kisieva ◽

Zarina E. Tarkhanova ◽

...

Keyword(s):

Risk Management ◽

Corporate Governance ◽

Board Of Directors ◽

Governance System ◽

Corporate Risk Management ◽

Integrated Risk ◽

Corporate Governance System ◽

The Board Of Directors ◽

Corporate Risk

Banking risk management has become particularly important in an unstable and volatile exter-nal environment. It presupposes both the development of the instrumental elements of the integrated risk management system and the development of the corporate governance system. The article examines the features of risk management both at the level of bank management and at the level of corporate governance, in particular, the role of the board of directors in effective corporate risk management is shown. On this basis, the authors formulated recommendations for the formation of a culture of risk management.

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Тhe role of internal audit from the perspective of international audit standards in corporate risk-management

Theoretical and Practical Aspects of Management ◽

10.46486/0234-4505-2021-2-37-48 ◽

2021 ◽

Vol 2021 (2) ◽

pp. 37-48

Author(s):

Svetlana Yazykova ◽

Keyword(s):

Risk Management ◽

Internal Audit ◽

Corporate Risk Management ◽

Corporate Risk ◽

Audit Standards ◽

International Audit

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The Role of Model Uncertainty in Corporate Risk Management

SSRN Electronic Journal ◽

10.2139/ssrn.3618742 ◽

2020 ◽

Author(s):

Andrea Gamba ◽

Zhun Liu

Keyword(s):

Risk Management ◽

Model Uncertainty ◽

Corporate Risk Management ◽

Corporate Risk

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Review of The Role Company Supervision Mechanism in Risk Management Implementation

Esensi Jurnal Bisnis dan Manajemen ◽

10.15408/ess.v11i2.21194 ◽

2021 ◽

Vol 11 (2) ◽

pp. 127-142

Author(s):

Mirna Cahyani ◽

Noorlailie Soewarno

Keyword(s):

Risk Management ◽

Audit Committee ◽

Audit Committees ◽

Audit Process ◽

Literature Study ◽

Corporate Risk Management ◽

Internal Auditors ◽

Management Accountants ◽

Risk Areas ◽

Corporate Risk

This study reviews the supervisory mechanism carried out by the company in the implementation of risk management. This research is qualitative research with literature study method. As a result, internal auditors, audit committees and management accountants work together in supervising the implementation of risk-based audits. Internal auditors have a weak contribution because they prefer a supervisory approach so they are supported by the audit committee. The audit committee supervises the internal auditors and provides suggestions for the next audit process so that it can cover high-risk areas. Meanwhile, the external auditor supervises by ensuring whether the financial statements are presented fairly. This research contributes to expanding the study of the role of supervisory mechanisms in companies for the implementation of corporate risk management.

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