Risk Governance

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Risk Governance

Author : Ortwin Renn
Publisher : Taylor & Francis
Page : 467 pages
File Size : 44,8 Mb
Release : 2017-12-04
Category : Business & Economics
ISBN : 9781136557972

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Risk Governance by Ortwin Renn Pdf

Risk Governance is a tour de force. Every risk manager, every risk analyst, every risk researcher must read this book - it is the demarcation point for all further advances in risk policy and risk research. Renn provides authoritative guidance on how to manage risks based on a definitive synthesis of the research literature. The skill with which he builds practical recommendations from solid science is unprecedented. Thomas Dietz, Director, Environmental Science and Policy Program, Michigan State University, USA A masterpiece of new knowledge and wisdom with illustrative examples of tested applications to realworld cases. The book is recommendable also to interested students in different disciplines as a timely textbook on 'risk beyond risk'. Norio Okada, Full Professor and Director at the Disaster Prevention Research Institute (DPRI), Kyoto University, Japan There are classic environmental works such as The Tragedy of the Commons by Hardin, Risk Society by Beck, The Theory of Communicative Action by Habermas, and the seminal volumes by Ostrom on governing the commons. Renns book fits right into this series of important milestones of environmental studies. Jochen Jaeger, Professor at Concordia University, Montreal, Canada Risk Governance provides a valuable survey of the whole field of risk and demonstrates how scientific, economic, political and civil society actors can participate in inclusive risk governance. Jobst Conrad, Senior Scientist, Social Science Research Center Berlin, Germany Renn offers a remarkably fair-minded and systematic approach to bringing together the diverse fields that have something to say about 'risk'. Risk Governance moves us along the path from the noisy, formative stage of thinking about risk to one with a stronger empirical, theoretical, and analytical foundation. Baruch Fischhoff, PhD, Howard Heinz University Professor, Carnegie Mellon University, Pittsburgh, USA 'I cannot describe how impressed I am at the breadth and coherence of Renn's career's work! Written with remarkable clarity and minimal technical jargon... [this] should be required reading in risk courses!' John Graham, former director of the Harvard Risk Center and former deputy director of the Office of Budget and Management of the Unites States Administration This book, for the first time, brings together and updates the groundbreaking work of renowned risk theorist and researcher Ortwin Renn, integrating the major disciplinary concepts of risk in the social, engineering and natural sciences. The book opens with the context of risk handling before flowing through the core topics of assessment, evaluation, perception, management and communication, culminating in a look at the transition from risk management to risk governance and a glimpse at a new understanding of risk in (post)modern societies.

Risk Governance

Author : Elizabeth Sheedy
Publisher : Routledge
Page : 228 pages
File Size : 50,7 Mb
Release : 2021-06-10
Category : Business & Economics
ISBN : 9781000395600

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Risk Governance by Elizabeth Sheedy Pdf

Biases, blind spots and bonuses (or incentives more broadly) have led to numerous risk management disasters. Risk governance is a potential solution to these problems yet is not always as effective as we would like it to be. One reason for that is the current dearth of risk governance expertise. This book seeks to address this issue, providing: Understanding of the fundamental forces that cause disasters: the biases, blind spots and bonuses. This understanding is drawn from the disciplines of economics/finance and psychology; Explanation of the structures of risk governance and common challenges experienced in their use e.g. board risk committee, risk/compliance function, assurance function, risk appetite statement, risk disclosures; Thorough investigation of risk culture and its importance in risk governance, including the assessment of risk culture; Understanding of the mechanisms of executive compensation and how they link to risk management – one of the most difficult challenges confronting both risk and remuneration committees; Explanation of the risk management process (based on international standards ISO31000), including practical guidance on risk communication, analysis and treatment; Guidance on the management of strategic risk, emphasising the importance of scenario analysis; Application of these principles to cyber risk, climate risk – two pervasive risks affecting almost every organisation; Numerous case studies and examples drawn from various industries around the world; and Discussion of what has been learned about risk governance from the COVID-19 experience. The book is an essential guide for postgraduate students; participants in professional education programs in governance and risk management; directors; senior executives; risk, compliance and assurance professionals as well as conduct and prudential regulators worldwide.

Global Risk Governance

Author : Ortwin Renn,Katherine D. Walker
Publisher : Springer Science & Business Media
Page : 386 pages
File Size : 46,6 Mb
Release : 2008-12-18
Category : Technology & Engineering
ISBN : 9781402067990

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Global Risk Governance by Ortwin Renn,Katherine D. Walker Pdf

The establishment of the International Risk Governance Council (IRGC) was the direct result of widespread concern that the complexity and interdependence of health, environmental, and technological risks facing the world was making the development and implementation of adequate risk governance strategies ever more difficult. This volume details the IRGC developed and proposed framework for risk governance and covers how it was peer reviewed as well as tested

Risk Management and Governance

Author : Terje Aven,Ortwin Renn
Publisher : Springer Science & Business Media
Page : 278 pages
File Size : 55,5 Mb
Release : 2010-09-27
Category : Science
ISBN : 3642139264

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Risk Management and Governance by Terje Aven,Ortwin Renn Pdf

Risk is a popular topic in many sciences - in natural, medical, statistical, engineering, social, economic and legal disciplines. Yet, no single discipline can grasp the full meaning of risk. Investigating risk requires a multidisciplinary approach. The authors, coming from two very different disciplinary traditions, meet this challenge by building bridges between the engineering, the statistical and the social science perspectives. The book provides a comprehensive, accessible and concise guide to risk assessment, management and governance. A basic pillar for the book is the risk governance framework proposed by the International Risk Governance Council (IRGC). This framework offers a comprehensive means of integrating risk identification, assessment, management and communication. The authors develop and explain new insights and add substance to the various elements of the framework. The theoretical analysis is illustrated by several examples from different areas of applications.

Governance, Risk Management, and Compliance

Author : Richard M. Steinberg
Publisher : John Wiley & Sons
Page : 339 pages
File Size : 53,9 Mb
Release : 2011-06-28
Category : Business & Economics
ISBN : 9781118102572

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Governance, Risk Management, and Compliance by Richard M. Steinberg Pdf

An expert's insider secrets to how successful CEOs and directors shape, lead, and oversee their organizations to achieve corporate goals Governance, Risk Management, and Compliance shows senior executives and board members how to ensure that their companies incorporate the necessary processes, organization, and technology to accomplish strategic goals. Examining how and why some major companies failed while others continue to grow and prosper, author and internationally recognized expert Richard Steinberg reveals how to cultivate a culture, leadership process and infrastructure toward achieving business objectives and related growth, profit, and return goals. Explains critical factors that make compliance and ethics programs and risk management processes really work Explores the board's role in overseeing corporate strategy, risk management, CEO compensation, succession planning, crisis planning, performance measures, board composition, and shareholder communications Highlights for CEOs, senior management teams, and board members the pitfalls to avoid and what must go right for success Outlines the future of corporate governance and what's needed for continued effectiveness Written by well-known corporate governance and risk management expert Richard Steinberg Governance, Risk Management, and Compliance lays a sound foundation and provides critical insights for understanding the role of governance, risk management, and compliance and its successful implementation in today's business environment.

Standardization and Risk Governance

Author : Odd Einar Olsen,Kirsten Juhl,Preben Hempel Lindøe,Ole Andreas Engen
Publisher : Routledge
Page : 0 pages
File Size : 50,7 Mb
Release : 2020
Category : History (General)
ISBN : 0367259737

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Standardization and Risk Governance by Odd Einar Olsen,Kirsten Juhl,Preben Hempel Lindøe,Ole Andreas Engen Pdf

This multi-disciplinary book conceptualizes, maps, and analyses ongoing standardization processes of risk issues across various sectors, processes, and practices. Standards are not only technical specifications and guidelines to support efficient risk governance, but also contain social, political, economic, and organizational aspects. This book presents a variety of standardization processes and applications of standards that may influence our judgements of risk, the organizing of risk governance, and, accordingly, our behaviour. Standardization and standards can impact risk governance in different ways. The most important lessons drawn from the present volume can be summarized in three areas: (1) how standardization might impact on power relations and interests; (2) how standardization may change flexibility in decision-making, communication, and cooperation; and (3) how standardization could (re)direct attention and risk perception. The volume's aim is to present an analysis of standardization processes and how it affects our thinking about risk, how we organize risk governance, and how standardization may influence risk management. In so doing, it contributes to a more informed discourse regarding the use of standards and standardization in contemporary risk management. Standardization and Risk Governance will be of great interest to students of risk, standardization, global governance, and critical security studies. The Open Access version of this book, available at: https: //www.taylorfrancis.com/books/e/9780429290817, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license

Project Risk Governance

Author : Dr Dieter Fink
Publisher : Gower Publishing, Ltd.
Page : 270 pages
File Size : 43,9 Mb
Release : 2014-01-28
Category : Business & Economics
ISBN : 9781472419064

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Project Risk Governance by Dr Dieter Fink Pdf

In Project Risk Governance, Dieter Fink breaks new ground in two ways. Firstly, he places project risk management in the context of today’s organisations in which objectives are increasingly implemented through projects to better respond to fast-changing markets. Secondly, he applies a governance perspective to examine project risk at the project and corporate levels, an approach which is significantly under-researched and for which theoretical knowledge and professional practice are at an early stage of maturity. Project risk governance falls between corporate governance and project governance and is attracting increasing attention. The author argues that there are two reasons for this. The first is the ‘projectisation’ of organisations, in particular within organisations conforming to the Project-Based Organisation (PBO) model. The second is the prevalence of a strategic approach to managing risk for the purposes of protecting organisational values and creating competitive advantage. The book addresses governance, strategy, value management and building enterprise-wide Project Risk Governance (PRG) capabilities. Chapters examine the role of projects in organisations and the need to integrate project and business strategy within the framework of the Project-Based Organisation. PRG is introduced via its links with corporate and project governance and its scope is covered in chapters that identify relevant processes, structures and relationship mechanisms. Contextual influences such as the professionalisation of project management are recognised and insights provided to increase readers’ understanding of uncertainty, risk events, and probabilities and of the essential requirements of managing risks at project level. The final chapter provides a roadmap to the stages and dimensions of a PRG maturity model.

Risk Management and Corporate Governance

Author : Marijn van Daelen,Christoph van der Elst
Publisher : Edward Elgar Publishing
Page : 257 pages
File Size : 47,5 Mb
Release : 2010-01-01
Category : Business & Economics
ISBN : 9781849807999

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Risk Management and Corporate Governance by Marijn van Daelen,Christoph van der Elst Pdf

In reaction to the recent financial crisis and corporate failures at the beginning of the millennium, the emphasis of the business community in corporate governance has shifted towards internal control and risk management issues. As a result, risk management discussion has reached an unprecedented level for academics and practitioners alike. This international, multidisciplinary book provides a comprehensive overview of the risk management landscape, encompassing its challenges and problems and taking stock of its influence on both companies and society as a whole. The eminent contributors review historical and current provisions relating to internal control and risk management in Europe and in the USA. They address the interconnected consequences of the necessity of risk management, and illustrate that a comprehensive approach needs to be further improved. The pros and cons of both the rule-based and the principle-based approaches are analysed, showing that the latter makes it more feasible for sound business practices to be combined with strategic company goals, and for the relationship between entrepreneurial risk taking and sound risk governance management to be in equilibrium. The book also presents a balanced supervision framework, which both promotes prevention of excessive risk taking and tackles risk failure.

Boosting Resilience Through Innovative Risk Governance

Author : Organisation for Economic Co-operation and Development
Publisher : OCDE
Page : 0 pages
File Size : 41,6 Mb
Release : 2014
Category : Crisis management in government
ISBN : 9264209107

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Boosting Resilience Through Innovative Risk Governance by Organisation for Economic Co-operation and Development Pdf

This report examines what countries have achieved in terms of strengthening resilience through better risk management and identifies persisting challenges. It focuses on the importance of creating an institutional environment that engages all stakeholders and allows them to build resilience against future shocks. This report has contributed to the development of the OECD Recommendation on the Governance of Critical Risks.

Governance, Risk, and Compliance Handbook

Author : Anthony Tarantino
Publisher : John Wiley & Sons
Page : 1044 pages
File Size : 44,7 Mb
Release : 2008-03-14
Category : Business & Economics
ISBN : 9780470095898

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Governance, Risk, and Compliance Handbook by Anthony Tarantino Pdf

Providing a comprehensive framework for a sustainable governance model, and how to leverage it in competing global markets, Governance, Risk, and Compliance Handbook presents a readable overview to the political, regulatory, technical, process, and people considerations in complying with an ever more demanding regulatory environment and achievement of good corporate governance. Offering an international overview, this book features contributions from sixty-four industry experts from fifteen countries.

Corporate Governance Risk Management and Corporate Governance

Author : OECD
Publisher : OECD Publishing
Page : 94 pages
File Size : 55,8 Mb
Release : 2014-04-01
Category : Electronic
ISBN : 9789264208636

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Corporate Governance Risk Management and Corporate Governance by OECD Pdf

This sixth peer review of the OECD Principles of Corporate Governance analyses the corporate governance framework and practices relating to corporate risk management, in the private sector and in state-owned enterprises.

Risk Analysis and Governance in EU Policy Making and Regulation

Author : Bernardo Delogu
Publisher : Springer
Page : 298 pages
File Size : 54,5 Mb
Release : 2016-05-02
Category : Political Science
ISBN : 9783319308227

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Risk Analysis and Governance in EU Policy Making and Regulation by Bernardo Delogu Pdf

This book provides an easy, but comprehensive and rigorous access to the main concepts, terminology, methods and procedures of risk analysis intended for all those involved in the EU policy and regulatory decision making on risks. It establishes a common ground of knowledge which enables a more informed dialogue on risks, a closer collaboration between decision makers and scientists and a better appraisal of the potential and limits of risk science. The book also brings together in an accessible way much multidisciplinary knowledge which had been dispersed over many technical documents and specialist books. The EU is in the front line of health, safety and environmental risk management. GMOs, food safety, hazardous chemicals, climate change, radiation hazards, are just a few of the popular risk issues addressed by the EU through policy and regulatory measures. The risk analysis paradigm, including risk assessment, management and communication has been at the core of the EU decision making for a long time already. EU Institutions strive for a science-based approach to risk management. Nevertheless, the dialogue and collaboration on risk issues between policy makers, stakeholders and scientists are still difficult and the potential and limits of science in support of decision making, as well as the basic concepts of risk analysis are not fully understood outside the narrow specialist circles.

Corporate Risk and Governance

Author : Alan Waring
Publisher : Routledge
Page : 244 pages
File Size : 45,6 Mb
Release : 2016-05-13
Category : Business & Economics
ISBN : 9781317159407

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Corporate Risk and Governance by Alan Waring Pdf

Corporate Risk and Governance addresses corporate risk management and governance requirements affecting large organizations in all industry sectors and countries. The book strongly advocates implementation of Corporate Governance Codes, ISO 31000 Risk Management, ISO 22301 Business Continuity Management and PAS 200 Crisis Management but warns against treating any standard or model slavishly, as if it can offer easy salvation or a simple route to a risk nirvana. Alan Waring challenges many hallowed beliefs, attitudes and practices that continue to hamper the delivery of effective Enterprise Risk Management (ERM) and thereby good governance. Those boardroom and corporate cultures that are complacent about risk exposures and risk management or, worse, encourage ’chancers’ and a ’what can we get away with’ attitude, are examined in depth along with what is required to embed a culture of responsible risk-taking. Some 75 cases from around the world provide graphic examples and lessons to be learned. Although the text includes some summary practical guidance, this book is designed primarily as a thinking aid rather than a risk management cookbook. It is something to encourage better informed risk-decision making; a more informed view of enterprise risk exposures, control and mitigation issues and an awareness of boardroom and corporate culture issues and their impact on effective ERM.

Risk Management and Corporate Governance

Author : Organization for Economic Cooperation and Development
Publisher : OCDE
Page : 0 pages
File Size : 55,9 Mb
Release : 2014
Category : Business ethics
ISBN : 9264208623

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Risk Management and Corporate Governance by Organization for Economic Cooperation and Development Pdf

This sixth peer review of the OECD Principles of Corporate Governance analyses the corporate governance framework and practices relating to corporate risk management, in the private sector and in state-owned enterprises. The review covers 26 jurisdictions and is based on a general survey of all participating jurisdictions in December 2012, as well as an in-depth review of corporate risk management in Norway, Singapore and Switzerland. The report finds that while risk-taking is a fundamental driving force in business and entrepreneurship, the cost of risk management failures is often underestimated, both externally and internally, including the cost in terms of management time needed to rectify the situation. The reports thus concludes that corporate governance should ensure that risks are understood, managed, and, when appropriate, communicated.

Behavioural Risks in Corporate Governance

Author : Ngozi Vivian Okoye
Publisher : Routledge
Page : 272 pages
File Size : 50,5 Mb
Release : 2015-03-05
Category : Business & Economics
ISBN : 9781317701415

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Behavioural Risks in Corporate Governance by Ngozi Vivian Okoye Pdf

Recent cases of corporate failures, including the fixing of LIBOR rates and money laundering issues in the banking industry, highlight how behavioural issues on the part of company directors are significant contributory factors in corporate governance and the success or failure of companies. This book examines how personality and behavioural issues have contributed to major corporate failures, and how this risk may be managed. The book examines behavioural risks in corporate governance, and evaluates the extent to which risk management mechanisms have acknowledged various aspects of behaviour. Drawing from cases in the UK, the US and Australia and research in psychology and the behavioural sciences, Ngozi Vivian Okoye argues that current corporate governance mechanisms lack provision for identifying and managing personality risks, and suggests how constituent elements of behaviour should be engaged with when developing preventive mechanisms for corporate failures. Okoye presents a conceptual framework for identifying and managing personality risks, and explores how personality risk may be built into corporate governance regulation. The book will be of great use and interest to researchers and practitioners in business and company law, corporate governance, and critical management studies.