TITLE

Professional Risk Managers Disagree About Governance

PUB. DATE
June 2003
SOURCE
Financial Executive;Jun2003, Vol. 19 Issue 4, p10
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article focuses on survey results concerning professional risk managers' beliefs on how effective the Sarbanes-Oxley Act will be in reducing corporate malfeasance. It mentioned that risk managers were divided on what constituted effective governance. Brian Gauen, a vice president at Allianz Insurance Co., stated that legislation isn't a substitute for effective risk management programs, and commented on the lack of formal whistleblower processes in over a quarter of survey respondents. Gauen also mentioned the effect corporate governance practices had on the pricing and availability of directors and officers liability insurance.
ACCESSION #
26776177

 

Related Articles

  • Enterprise Project Governance. Dinsmore, Paul; Rocha, Luiz // PM World Journal;Jul2013, Vol. 2 Issue 7, p1 

    The article focuses on project management across organizations. It reflects on the need of implementing risk management, corporate governance and internal control audit to prevent the collapse of major corporations. It mentions several acts that focus on corporate governance including the U.S....

  • Enterprise Project Governance. Dinsmore, Paul; Rocha, Luiz // PM World Journal;Jul2013, Vol. 2 Issue 7, p1 

    The article focuses on project management across organizations. It reflects on the need of implementing risk management, corporate governance and internal control audit to prevent the collapse of major corporations. It mentions several acts that focus on corporate governance including the U.S....

  • Connecting the Dots. Hauser, Lisa // Risk Management (00355593);Sep2008, Vol. 55 Issue 9, p52 

    In this article the author examines issues relating to risk management for U.S. corporations. She states that risk management should incorporate three distinct elements, the financial oversight mandated by the Sarbanes-Oxley Act, risk management for all aspects of the entire enterprise and the...

  • Business continuity standard AS/NZS 5050 -- links with risk management. Fazio, Tom // Keeping Good Companies (14447614);Dec2010, Vol. 62 Issue 11, p661 

    The article discusses the risk management practices and their failure to identify and prevent the financial crisis of 2007. It points out the investment of the financial industry to adopt the Basel Accords, Sarbanes-Oxley and other enterprise-wide risk management programs. An overview of the ISO...

  • Take the Lead. Croarkin, Ken; Sullivan, Kevin // Best's Review;Sep2008, Vol. 109 Issue 5, p96 

    The article offers information on the revised Model Regulation Requiring Annual Audited Financial Reports, known as Model Audit Rule (MAR), in the U.S. The rule, which is one of the provisions in the Sarbanes-Oxley Act (SOX) to be implemented in 2010, includes best-practice corporate governance...

  • Expanding Beyond SOX. LINDORFF, DAVE // Treasury & Risk;Mar2011, p20 

    The article reports on a study by the Institute of Internal Auditors (IIA) regarding the future tasks of internal auditors. It was mentioned that internal auditors are going to be examining corporate governance, assessing enterprise risk management, and focusing on the behavior of top...

  • The next frontier for boards: Oversight of risk culture. Gupta, Parveen R.; Leech, Tim // Governance Directions;Sep2015, Vol. 67 Issue 8, p497 

    The article focuses on the link between deficient risk culture and ineffective corporate governance, in relation to the board oversight of financial reporting. Topics discussed include the challenges of overseeing the company's risk culture, implications of the U.S. Sarbanes-Oxley Act of 2002 to...

  • C-suites Gaining Another Member. de Mesa Graziano, Cheryl; Aggarwal, Raj // Financial Executive;Sep2005, Vol. 21 Issue 7, p42 

    The article discusses the role of a U.S. firm's chief risk officer (CRO). The significance of corporate governance and risk management has gained attention due to challenges created by terrorism, corporate scandals, and regulations such as the Sarbanes-Oxley Act. The more complex the...

  • Role of the treasury in risk and governance. Stollard, Ben // Financial Management;May2013, Vol. 42 Issue 4, p57 

    The article discusses the role of corporate treasurers in risk and governance as of May 2013, focusing on mitigation techniques, a dedicated Treasury Management System (TMS), and operational risk in relation to errors and fraud. Volatility in exchange rates is addressed, along with various types...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics