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Risk Management and Corporate Governance

Interconnections in Law, Accounting and Tax Edited by Marijn van Daelen and Christoph Van der Elst, Tilburg University, the Netherlands
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.
Extent: 256 pp
Hardback Price: $128.00 Web: $115.20
Publication Date: 2010
ISBN: 978 1 84980 395 3
Availability: In Stock
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  • Economics and Finance
  • International Accounting
  • Law - Academic
  • Corporate Law and Governance
  • Tax Law and Fiscal Policy
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 US. 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.

Risk Management and Corporate Governance will prove to be of great interest to academics and students of law, accounting and auditing, business and tax lawyers and accountants, policymakers and risk management and compliance officers.
‘This is a very well written book that covers the complex material of risk management in an understandable way with good depth of coverage of all areas involved (business law, accounting and taxation). There is a good balance between the historical background of all areas and contemporary issues on risk management and governance.’
– Ann Jorissen, University of Antwerp, Belgium
Contributors: F. Bogaert, R. Russo, M. van Daelen, A. van de Ven, C. Van der Elst
Contents:

Foreword

1. Introducing Risk Management
Marijn van Daelen and Arco van de Ven

2. Risk Management from an Accounting Perspective
Arco van de Ven

3. Risk Management from a Business Law Perspective
Marijn van Daelen

4. Risk Management in Financial Law
Christoph Van der Elst and Filip Bogaert

5. Risk Management in Taxation
Ronald Russo

6. Risk Management Interconnections in Law, Accounting and Tax
Marijn van Daelen, Christoph Van der Elst and Arco van de Ven

Index