What is corporate governance and risk management

 

Risk management and corporate governance

The establishment and internal monitoring of risk management systems is one of the duties of care of board members and managing directors. Section 91 (2) AktG particularly emphasizes this obligation. It has many implications for those involved in corporate governance. While early risk identification (identification, assessment and communication of risks) is a traditional domain of controlling, internal auditing is often entrusted with its internal monitoring. The task of supervisory boards is to monitor the risk management of the company or group, and auditors at listed stock corporations must check the existence, suitability and functionality of the risk management system.

In research, the chair deals with the design and monitoring of risk management systems and the various related detailed questions. The European Risk Research Network is a platform for international research projects.

Selected publications:

  • Kajüter, P .: Risk Management in the Group, Munich 2012.
  • Kajüter, P .: The risk consolidation group in group-wide risk management systems, in: Controlling, 23rd year, issue 3, 2011, pp. 157-162.
  • Kajüter, P .: Risk management as a controlling task in the context of corporate governance, in: Wagenhofer, A. (Ed.), Controlling and Corporate Governance Requirements, Berlin 2009, pp. 109-130.
  • Woods, M./Kajüter, P./Linsley, P. (Eds.), International Risk Management. Systems, Internal Control and Corporate Governance, Oxford 2008.

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