ANALYSIS OF THE EFFECT OF CORPORATE GOVERNANCE ATTRIBUTES ON RISK MANAGEMENT PRACTICES

Risk Governance & Control: Financial Markets & Institutions

Raef Gouiaa¹ 

关键词: Board Structure;    Directors’ Characteristics;    Board Process;    Risk Management Practices;    Financial Risk;   

DOI  :  10.22495/rgcv8i1art2

学科分类：社会科学、人文和艺术（综合）

来源: Virtus Interpress

【 摘 要 】

Despite recent increased risk research attention being focussed on the Canadian and international scene, there are few research studies that specifically address the relation between corporate governance systems and risk management practices. This paper examines the relation between corporate governance systems and enterprise risk management. More specifically, we analyze how corporate governance attributes and particularly board characteristics can affect risk management practices in the context of Canadian listed companies. Using a content analysis approach, the level of exposure to risk in terms of likelihood, the consequences of such risk and the strategies for managing that risk were identified for each type of risk. The results reveal that corporate governance attributes related to board’s structure, directors’ characteristics and the board’s operating process play a significant and important role in establishing an integrative risk management approach. The results show that directors’ characteristics and the board’s process significantly determine the quality of risk management through the level of risk-taking in decisions, especially in terms of financial risks.

【 授权许可】

CC BY-NC