Research Insights About Risk Governance: Implications From a Review of ERM Research

SAGE Open

Therese R. Viscelli¹ 

关键词: ERM;    risk;    risk management;    corporate governance;    audit committee;    board of directors;    internal audit;   

DOI  :  10.1177/2158244016680230

学科分类：社会科学、人文和艺术（综合）

来源: Sage Journals

【 摘 要 】

In recent years, expectations for increased risk governance have been placed explicitly on boards of directors. In response, boards are being held responsible for not only understanding and approving management’s risk management processes, but they are also being held responsible for assessing the risks identified by those processes as part of overseeing management’s pursuit of value. These increasing responsibilities have led a number of organizations to adopt enterprise risk management (ERM) as a holistic approach to risk management that extends beyond traditional silo-based risk management techniques. As boards, often through their audit committee, consider management’s implementation of ERM as part of the board’s risk oversight, a number of questions emerge that can be informed by academic research related to ERM. This article summarizes findings from ERM research to provide insights related to the board’s risk governance responsibilities. We also identify a number of research questions that warrant further analysis by governance scholars. It is our hope that this article will spawn varying types of research about ERM and corporate governance.

【 授权许可】

CC BY