Book contents
- Frontmatter
- Contents
- Figures
- Tables
- Contributors
- Acknowledgements
- 1 Introduction: rethinking corporate governance – lessons from the global financial crisis
- Part I The failure of the market approach to corporate governance
- Part II Ownership, internal control and risk management: the roles of institutional shareholders and boards
- 7 A review of corporate governance in UK banks and other financial industry entities: the role of institutional shareholders
- 8 Ownership structure and shareholder engagement: reflections on the role of institutional shareholders in the financial crisis
- 9 Board challenges 2009
- 10 Do independent boards effectively monitor management? Evidence from Japan during the financial crisis
- 11 Risk management in corporate law and corporate governance
- Part III Post-crisis corporate governance: the search for new directions
- Index
- References
11 - Risk management in corporate law and corporate governance
Published online by Cambridge University Press: 05 August 2011
Book contents
- Frontmatter
- Contents
- Figures
- Tables
- Contributors
- Acknowledgements
- 1 Introduction: rethinking corporate governance – lessons from the global financial crisis
- Part I The failure of the market approach to corporate governance
- Part II Ownership, internal control and risk management: the roles of institutional shareholders and boards
- 7 A review of corporate governance in UK banks and other financial industry entities: the role of institutional shareholders
- 8 Ownership structure and shareholder engagement: reflections on the role of institutional shareholders in the financial crisis
- 9 Board challenges 2009
- 10 Do independent boards effectively monitor management? Evidence from Japan during the financial crisis
- 11 Risk management in corporate law and corporate governance
- Part III Post-crisis corporate governance: the search for new directions
- Index
- References
Summary
Risk management is high on the agenda of lawmakers, policymakers, supervisory bodies, academics, corporate advisors and corporate constituents. Risk management was acknowledged as early as World War II but the terrorist attack on the World Trade Center twin towers and the collapse of Enron, Worldcom and other companies, together with the recent financial crisis, the alleged Goldman Sachs’ fraudulent structuring and marketing of a synthetic mortgage bond, the (continuation of) skyrocketing bonus schemes and Greece's flirting with bankruptcy, prevent any dwindling of interest in risk management.
- Type
- Chapter
- Information
- Corporate Governance and the Global Financial CrisisInternational Perspectives, pp. 215 - 242Publisher: Cambridge University PressPrint publication year: 2011
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