scholarly journals Integration of Strategic Management, Governance and Risk Management: Impact of the Crisis of 2008 in Two Companies of Food

2013 ◽  
Vol 12 (4) ◽  
pp. 150-180
Author(s):  
Antonio Francisco De Almeida da Silva Junior ◽  
Raquel Ângelo Araújo ◽  
Sandro Cabral

During the crisis of 2008, several Brazilian companies have accumulated losses that worth billions, as the result of a high foreign exchange rate exposure and failures in risk management and Corporate Governance. The aim of this research is to identify the strategic factors that contributed to two very similar companies to follow different paths in the financial crisis of 2008. To better understanding the subject, it was made a brief analysis of the foundations of the Corporate Governance, the requirements listed by BMFBOVESPA and the principles of the financial risk management. The research identified that the practice of risk management is crucial in implementing best practices of corporate governance and that despite numerous initiatives of various institutions and regulators in establishing self-regulatory mechanisms to ensure the use of these practices, there are still flaws able to allow companies previously considered solid incurring in strategies that may jeopardize its existence.

2008 ◽  
Vol 5 (4) ◽  
pp. 345-355
Author(s):  
Salim Chahine ◽  
Bassem Dagher

Despite recent growth in the Islamic banking industry, little is known on the best practices in its risk management. This paper examines the risk management systems of Islamic banks in Lebanon. Using a survey technique, it shows the diversity of risks faced by Islamic banks. It also confirms the importance of good corporate governance as a tool which is associated with the implementation of best practices in risk management


2019 ◽  
Vol 110 ◽  
pp. 02040 ◽  
Author(s):  
Ajdar Ajupov ◽  
Anna Sherstobitova ◽  
Svetlana Syrotiuk ◽  
Alexey Karataev

The article reveals features of risk-management theory in environmental enterprise. Risk management is considered according to the system approach. The interaction of the managed and managing subsystems and their cooperation with the external environment are being studied and analyzed. The object of management is a risky investment in the implementation of economic relations between economic entities. The subject of management is a team of specialists. They provide purposeful action on the controlled objects through various techniques and methods of financial risk management.


2004 ◽  
Vol 5 (3) ◽  
pp. 10-13
Author(s):  
RICHARD TSCHEMERNJAK

The new capital accord, otherwise known as Basel II, from the Basel Committee on Banking Supervision, addresses the issue of financial risk. Within the latest version of the new accord and numerous consultation papers, the committee has reinforced its emphasis on risk management, encouraging banks to improve their risk assessment capabilities. Basel II attempts to accomplish this by closely aligning capital with modern risk management best practices, and by ensuring that the emphasis on risk makes its way onto supervisory practices and market discipline. Thus, regulatory pressure is, and will remain over the near future, a key driver of risk management systems development across market, credit and operational risk.


2019 ◽  
Vol 278 (2) ◽  
pp. 179
Author(s):  
José Sérgio da Silva Cristóvam ◽  
José Carlos Loitey Bergamini

<p>Corporate governance in the State-owned Companies Law: outstanding aspects about transparency, risk management and compliance</p><p> </p><p>A Lei das Estatais surge em um momento conturbado, mas não inédito, da política brasileira, com seguidas revelações de ilicitudes ligadas a empresas estatais, com a pretensão de estabelecer mecanismos que tornem essas empresas menos suscetíveis a escândalos de corrupção. Uma tarefa nada fácil, diante da complexidade organizacional das empresas e sua expressividade econômica no mercado nacional. Destacam-se na lei três grandes blocos: estrutura societária, governança coorporativa e contratação (licitações e contratos). O estudo pretende abordar aspectos de governança corporativa, apresentando diversas práticas que aproximam as estatais das práticas mais atuais de governança do setor privado. No artigo são apresentadas práticas de transparência, gestão de riscos e compliance, definindo seus contornos, limites e possibilidades, com a finalidade de contribuir para a mais adequada aplicação da nova lei. Por fim, há conclusão pelo acerto na instituição da Lei das Estatais, quando traz a questão da governança corporativa para o epicentro político-normativo das empresas estatais, com regras de transparência, gestão de risco e exigência de programas de conformidade que aprimoram os instrumentos e mecanismos de gestão e combate/prevenção à corrupção. O método utilizado é o dedutivo e monográfico e a técnica de pesquisa bibliográfica, com análise da legislação relacionada com a doutrina sobre o tema.</p><p> </p><p>The State-Owned Enterprises Law arises in a troubled but not unprecedent moment of Brazilian politics, followed by revelations of unlawfulness linked to stated-owned enterprises, with the aim of establishing mechanisms that make these companies less susceptible to corruption scandals. A task that isn’t not easy due to the organizational complexity of the companies and their economic expressiveness in the national market. Three major blocks stand out in the law: corporate structure; corporate governance and contracting (bidding and contracts). The study aims to address aspects of corporate governance, presenting several practices that bring state companies closer to the most current practices of private sector governance. The article presents practices of disclosure, risk management and compliance, defining its contours, limits and possibilities, with the purpose of contributing to the most appropriate application of the new law. Finally, there is a conclusion of the establishment of the State-Owned Enterprises Law, when it brings the question of corporate governance to the political-normative epicenter of state-owned enterprises, with rules of transparency, risk management and compliance programs that improve the instruments and management mechanisms for combating and preventing corruption. The method and technique used are, respectively, the deductive and monographic, and the bibliographic research, with the analysis of related legislation and the doctrine about the subject.</p>


Accounting ◽  
2021 ◽  
pp. 13-22 ◽  
Author(s):  
Mulyanto Nugroho

This research discusses and analyzes scientific, macroeconomic, financial risk management, audit views, stock returns, investment decisions, funding decisions, and good corporate governance as a moderator. There are 147 samples of manufacturing companies listed on the Indonesia Stock Exchange. The results of this study indicate that there are four insignificant hypotheses. The results indicate: Macroeconomics does not have a substantial effect on Financial Risk Management, Good corporate governance (GCG) is having no significant impact on Going Concern Audit Opinion. Stock Return is having no significant effect on Going Concern Audit Opinion; GCG does not moderate the impact of Stock Return on Going Concern Audit Opinion when the level of significance is five percent.


Author(s):  
Abhishek Sinha

White collar crimes refer to the criminal activities by a professional holding a responsible position in the organization. Banking frauds are one of the most pronounced forms of white collar crimes. These frauds impact the reputation of the bank and also effects its financial sustainability. The chapter entails the frauds that happen in banks and identifies reasons for the failure of banks to prevent such frauds. The author pinpoints the best practices in developing fraud prevention frameworks and emphasizes the importance of corporate governance in preventing such frauds. Best practices and future trends are also identified that are important to prevent and detect banking frauds.


2017 ◽  
Vol 7 (5) ◽  
pp. 2062-2067 ◽  
Author(s):  
A. El Yamami ◽  
S. Ahriz ◽  
K. Mansouri ◽  
M. Qbadou ◽  
E. Illoussamen

Although still relatively new, the field of IT Governance has its own bodies of knowledge that include various methodologies, frameworks and techniques supported by an increasing growing base of research. IT Project Risk Management has since emerged as its own field. Many frameworks and methodologies were proposed by both practitioners and researchers. A review of the literature about the subject shows that there is a divergence between the two. The practitioners propose a set of good practices from professional environment but the heaviness of the proposed guides does not allow its application and adoption by managers or it’s improvement by researchers. Thus it calls for specific focus on IT governance frameworks best practices modelling in order to reach fusion between practitioners and researchers contributions. In this paper, special attention is dedicated to Project Management Institute’s guides. The main objective is representing IT Project Risk Management best practices as a Metamodel in order to complement different areas of knowledge.


2020 ◽  
Vol 4 (2) ◽  
pp. 121-135
Author(s):  
Ulfi Pristiana ◽  
Istiono Istiono

Globally, the development of the manufacturing industry can be used as a parameter for national industrial development in a country. Therefore, to keep manufacturing companies continuing or developing, it is necessary to have clear policies in developing this manufacturing industry. Some manufacturing companies did not develop as expected because they experienced Financial Distress (FD). The study population was conducted at several manufacturing companies that experienced financial distress with the study period from 2015-2018. The research sample was determined by non-random sampling (purposive sampling) to determine which companies are included in the Financial Distress category. Of the 163 manufacturing companies listed on the Indonesia Stock Exchange / IDX for the 2015-2018 period, 32 companies were included in the FD category. In this study, Smart PLS software is used to analyze and prove the effect of investment decisions, capital decisions, and financial risk management on financial distress by using good corporate governance / GCG as a moderating variable. The results showed that capital decisions, financial risk management, and good corporate governance had a significant effect on financial distress, except that investment decisions had no significant effect on financial distress. GCG significantly moderates the effects of investment decisions, capital decisions, and financial risk management on financial distress.


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