scholarly journals A Study on Legal Risk under Enterprise Risk Management & Management System Centered on the Board of Directors

2019 ◽  
Vol 20 (1) ◽  
pp. 651-684
Author(s):  
Song Il Doo
Keyword(s):  
Risk Management ◽  
Board Of Directors ◽  
Management System ◽  
Enterprise Risk Management ◽  
Legal Risk ◽  
Enterprise Risk ◽  
The Board Of Directors

scholarly journals Does Audit Committee Characteristics Promote Risk Management Practices in Nigerian Listed Firms?

2021 ◽  
Vol 10 (2) ◽  
pp. 70
Author(s):  
Stephen A. Ojeka ◽  
Alex Adeboye ◽  
Olajide Dahunsi
Keyword(s):  
Risk Management ◽  
Board Of Directors ◽  
Audit Committee ◽  
Financial Risk ◽  
Enterprise Risk Management ◽  
Audit Committees ◽  
Listed Firms ◽  
Enterprise Risk ◽  
The Board Of Directors ◽  
Accounting Expertise

There has been a huge and deluge of risk threatening industries at an unequalled magnitude in recent times. As such, the board of directors and senior executives are increasingly expected to manage their various organizations' risk portfolios, affecting their financial performance. This has led to the assigning of the risk assessment role to the audit committee. The board of directors and its audit committee play an essential function in Enterprise Risk Management (ERM) by building up the right condition or tone-at-the-top. Given the board's responsibilities for representing the interests of shareholders, it plays a vital role in overseeing management's approach to ERM. This study examined the relationship between audit committee characteristics and risk management of some selected listed firms in a developing country like Nigeria. The study used secondary data to describe the dependent variable (financial risk decomposed into credit risk and liquidity risk) and the explanatory variables (decomposed into audit committee accounting expertise, audit committee meetings, audit committee independence and audit committee gender). The study used pair sample t-test, student t-test, Pearson Moment Correlation and random panel data estimator for twenty (20) selected listed firms for 2012-2016. Findings indicate that there is a negative between audit committee accounting expertise and financial risk. This revealed that Accounting Expertise in Audit Committees are likely to involve in activities and practices to curb financial risk. In addition, the Audit committee meeting indicates a negative relationship with credit risk. Audit committee gender and audit committee independence have a negative effect on liquidity risk. Therefore, this study recommends that Audit committees embrace Enterprise Risk Management (ERM) to manage risks effectively across the organization. Risk management processes should be one of the major points of discussion during audit committee meetings.

scholarly journals Ownership, board, and enterprise risk management

2020 ◽  
Vol 10 (1) ◽  
pp. 44-55
Author(s):  
Luís Otero González ◽  
Luís Otero González ◽  
Luis-Ignacio Rodriguez Gil ◽  
Pablo Durán Santomil ◽  
Pablo Durán Santomil ◽  
...  
Keyword(s):  
Risk Management ◽  
Board Of Directors ◽  
Linear Structure ◽  
Enterprise Risk Management ◽  
Stock Exchanges ◽  
Family Ownership ◽  
Enterprise Risk ◽  
The Board Of Directors ◽  
Implementation Level ◽  
The Relationship

This paper analyses the effect of family ownership and the characteristics of the board of directors on the implementation level of enterprise risk management (ERM) in Spanish non-financial companies. The sample consists of 162 Spanish non-financial companies listed on Spanish stock exchanges and markets during 2012–2015. The results obtained show that the relationship between the level of family ownership concentration and the implementation level of an ERM system has a non-linear structure. Therefore, a reduction in implementation for moderate ownership levels is observed, although this increases with high ownership values. Regarding corporate governance, our study confirms the importance of certain characteristics of the board of directors, such as the size and the figure of the shareholder director in the implementation of formal ERM systems.

Board Risk Oversight and Corporate Tax-Planning Practices

2020 ◽  
Author(s):  
Mark S Beasley ◽  
Nathan C. Goldman ◽  
Christina Lewellen ◽  
Michelle McAllister
Keyword(s):  
Board Of Directors ◽  
Tax Planning ◽  
Enterprise Risk Management ◽  
Corporate Tax ◽  
Management Framework ◽  
Risk Management Framework ◽  
Enterprise Risk ◽  
The Board Of Directors ◽  
Tax Benefits ◽  
Risk Oversight

Risk oversight by the board of directors is a key component of a firm's enterprise risk management framework, and recently, boards have paid more attention to their firm's tax-planning activities. In this study, we use a hand-collected sample of proxy statement disclosures about the board's role in risk oversight and provide evidence that risk oversight is negatively associated with both tax uncertainty and overall tax burdens. We find that risk oversight is most strongly associated with positions that yield permanent tax benefits and also with less risky tax-planning activities. Overall, the evidence suggests that board risk oversight is associated with more effective tax-planning practices.

Research on the Design and Realization of Management Information System of Enterprise Risk Assessment

2014 ◽  
Vol 998-999 ◽  
pp. 1666-1669
Author(s):  
Yong Zhi Li
Keyword(s):  
Risk Management ◽  
Management System ◽  
Virtual Enterprise ◽  
Enterprise Risk Management ◽  
Operating Environment ◽  
Management Information ◽  
Dynamic Complexity ◽  
Risk Management System ◽  
Enterprise Risk ◽  
Multi Agent

The smooth operation of virtual enterprise to obtain the expected profits, they must avoid the risks successfully, and virtual enterprise risk management system is an important guarantee of risk aversion. In view of its characteristics of distribution, dynamic complexity, the virtual enterprise risk management system is developed based on Web and multi-agent technology. Not only to meet the Distributed and heterogeneous of virtual enterprise operating environment, reflect the Independence of partner, and the complex relationship between the partners, but also provide decision support for decision-maker, and the system has strong robustness and reliability.

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