The following brief notes deal with the two principal corporate governance frames/models (once considered core norms, key concepts and regulative principles for business administration, management, control), as observed in the major countries: (i) the Anglo-Saxon/American system, that is “market based” and “shareholder-oriented” and (ii) the Latin-German-Japanese paradigm, that is “credit based” and “stakeholders-oriented”. The specific attempt of this study is to highlight the best international theories and practices about modern corporate governance processes, drawing attention to their role and ambit, and, on the other hand, to the need of suitable risk control mechanisms. In particular, it is possible to ascertain the new role played by the risk-variable in businesses, previously considered within internal control scheme, then as a tool of a wider management philosophy (enterprise risk governance). A “sound” corporate governance system is a fundamental premise to the achievement of general objectives as (1) economic-financial returns, (2) going concern condition (or firm’s survival), (3) growth.

The Role and the Ambit of Corporate Governance and Risk Control Frames

TALIENTO, MARCO
2007

Abstract

The following brief notes deal with the two principal corporate governance frames/models (once considered core norms, key concepts and regulative principles for business administration, management, control), as observed in the major countries: (i) the Anglo-Saxon/American system, that is “market based” and “shareholder-oriented” and (ii) the Latin-German-Japanese paradigm, that is “credit based” and “stakeholders-oriented”. The specific attempt of this study is to highlight the best international theories and practices about modern corporate governance processes, drawing attention to their role and ambit, and, on the other hand, to the need of suitable risk control mechanisms. In particular, it is possible to ascertain the new role played by the risk-variable in businesses, previously considered within internal control scheme, then as a tool of a wider management philosophy (enterprise risk governance). A “sound” corporate governance system is a fundamental premise to the achievement of general objectives as (1) economic-financial returns, (2) going concern condition (or firm’s survival), (3) growth.
File in questo prodotto:
Non ci sono file associati a questo prodotto.

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11369/7833
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact