scholarly journals The Effect Of Chief Risk Officer (CRO) On Enterprise Risk Management (ERM) Practices: Evidence From Malaysia

2010 ◽  
Vol 9 (11) ◽  
Author(s):  
Wan Norhayate Wan Daud Daud ◽  
Ahmad Shukri Yazid ◽  
Hj Mohd Rasid Hussin
Keyword(s):  
Risk Management ◽  
Strong Influence ◽  
Research Work ◽  
Listed Companies ◽  
Enterprise Risk Management ◽  
Regression Analyses ◽  
The Public ◽  
Enterprise Risk ◽  
Comprehensive Survey

This study investigates the level of Enterprise Risk Management (ERM) adoption within the Public Listed Companies (PLCs) in Malaysia and the influence of Chief Risk Officers (CROs) on ERM practices. Included in this particular study is a comprehensive survey on 500 companies from the main board of public listed companies in the Malaysian Bourse. Key findings of this research work reveal that only 42% of the companies surveyed have completely adopted ERM and based on regression analyses, the ‘quality’ of CROs has a strong influence on the level of ERM adoption within the PLCs involved in the survey.

Enterprise risk management and Solvency II: the system of governance and the Own Risk and Solvency Assessment

2020 ◽  
Vol 21 (4) ◽  
pp. 317-332 ◽  
Author(s):  
Pablo Durán Santomil ◽  
Luis Otero González
Keyword(s):  
Risk Management ◽  
Insurance Industry ◽  
Solvency Ii ◽  
Enterprise Risk Management ◽  
Insurance Companies ◽  
Legal Form ◽  
Content Type ◽  
Enterprise Risk ◽  
Solvency Assessment

Purpose The purpose of this paper is to analyze how enterprise risk management (ERM), the system of governance and the Own Risk and Solvency Assessment (ORSA) have been boosted with the entry of Solvency II. Design/methodology/approach For this analysis, the authors have undertaken a survey of chief risk officers (CROs) working in Spanish insurance companies. Findings The results show that Solvency II has definitely promoted ERM in the European insurance industry and improved the system of governance of the insurance companies, and that the perceived value of the ORSA for the companies is higher than the cost. It is clear that the quality of ERM implemented by companies is higher in those that face more complex risks and with greater interdependencies – that is, larger companies, foreign insurers and insurers with several lines of business – but is unaffected by the legal form of the entity (mutual/corporation). Originality/value This study conducts primary research with surveys of CROs and develops a measure of the quality of ERM implemented by insurance companies.

scholarly journals The Effectiveness of Enterprise Risk Management and Internal Audit Function on Quality of Financial Reporting in Universities

2017 ◽  
Vol 9 (4(J)) ◽  
pp. 230-241
Author(s):  
Wadesango N ◽  
Mhaka C.
Keyword(s):  
Risk Management ◽  
Corporate Governance ◽  
Financial Reporting ◽  
Internal Audit ◽  
Enterprise Risk Management ◽  
State Universities ◽  
Internal Audit Function ◽  
Enterprise Risk ◽  
The Impact

This study examined the impact of enterprise risk management (ERM) and internal audit function (IAF) on the financial reporting quality (FRQ) of state universities in Zimbabwe. Utilizing a dataset of 250 respondents from across nine (9) state universities, the researchers examined the effectiveness of ERM and the IAF on the quality of financial reporting in state universities. The researchers employed the contingency theory and studied each university separately to report on items that are specific to each and then also establish a commonality in the definition of parameters to be used in setting up the benchmark against which future performance may be measured. The findings were that there is a strong and significant relationship between ERM and the FRQ and also that there is a positive relationship between the internal audit function and FRQ. Quality internal audit results improved corporate governance systems. The results also underscore the significance and need for central government to establish and monitor a system of good ERM processes that minimize corporate governance breaches and enhance integrity and independence in financial reporting in state universities.

scholarly journals Gestión de riesgos corporativos y la necesidad de su regulación en las empresas argentinas. / Enterprise risk management and its need of regulation in argentine companies.

2020 ◽  
pp. 53-67
Author(s):  
Ana María Robles ◽  
Ariel Alejandro Castañeda ◽  
José Roberto Carrizo
Keyword(s):  
Risk Management ◽  
Corporate Governance ◽  
Research Work ◽  
Enterprise Risk Management ◽  
Enterprise Risk

Este artículo es una síntesis de un trabajo de investigación realizado en el marco de convocatoria de la Universidad Blas Pascal (2017-2018) cuyo objetivo surgió como consecuencia de la importancia de considerar como relevante todo aquello vinculado con la gestión de riesgos y su impacto en el gobierno corporativo. ABSTRACT: This article is a synthesis of a research work carried out within the framework of the Blas Pascal University (2017-2018), whose objective arose as a consequence of the importance of considering as relevant everything related to risk management and its impact on corporate governance.

scholarly journals Knowledge Management in Support of Enterprise Risk Management

2019 ◽  
pp. 284-307
Author(s):  
Eduardo Rodriguez ◽  
John S. Edwards
Keyword(s):  
Risk Management ◽  
Knowledge Management ◽  
Knowledge Sharing ◽  
Risk Control ◽  
Perceived Value ◽  
Perceived Quality ◽  
Enterprise Risk Management ◽  
Enterprise Risk ◽  
Management Concepts

This chapter examines possible relationships between knowledge management constructs related to knowledge sharing and two risk management concepts: perceived quality of risk control and perceived value of enterprise risk management. From a literature review, relationships with eight knowledge management variables covering people, process, and technology aspects were hypothesized. The results showed that the perceived quality of risk control is significantly associated with four knowledge management variables: perceived quality of risk knowledge sharing, perceived quality of communication among people, web channel functionality, and risk management information system functionality. However, the relationships of the knowledge management variables to the perceived value of enterprise risk management are not significant. The authors conclude that better knowledge management is associated with better risk control, but that more effort needs to be made to break down organizational silos in order to support true enterprise risk management.

scholarly journals Gestión de riesgos corporativos y la necesidad de su regulación en las empresas argentinas. / Enterprise risk management and its need of regulation in argentine companies.

2020 ◽  
pp. 53-67
Author(s):  
Ana María Robles ◽  
Ariel Alejandro Castañeda ◽  
José Roberto Carrizo
Keyword(s):  
Risk Management ◽  
Corporate Governance ◽  
Research Work ◽  
Enterprise Risk Management ◽  
Enterprise Risk

Este artículo es una síntesis de un trabajo de investigación realizado en el marco de convocatoria de la Universidad Blas Pascal (2017-2018) cuyo objetivo surgió como consecuencia de la importancia de considerar como relevante todo aquello vinculado con la gestión de riesgos y su impacto en el gobierno corporativo. ABSTRACT: This article is a synthesis of a research work carried out within the framework of the Blas Pascal University (2017-2018), whose objective arose as a consequence of the importance of considering as relevant everything related to risk management and its impact on corporate governance.

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