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2019 | OriginalPaper | Chapter

4. Setting up Enterprise Risk Governance

Author : Stefan Hunziker

Published in: Enterprise Risk Management

Publisher: Springer Fachmedien Wiesbaden

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Abstract

So far, we have discussed the relevance of ERM, the challenges with cognitive and motivational biases and how the ERM process can add value to the company. This chapter covers relevant topics for setting up a adequate risk governance within the company. An sound enterprise risk governance serves as an important basis for implementing an effective ERM process. It addresses external factors influencing the set-up of ERM as corporate governance codes, ERM frameworks, norms and legal requirements. Additionally, internal aspects may play a major role on the effectiveness of ERM such as the corporate risk culture and the definition of roles and responsibilities.

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Title: Setting up Enterprise Risk Governance
Author: Stefan Hunziker
Publisher: Springer Fachmedien Wiesbaden
Book: Enterprise Risk Management
Print ISBN: 978-3-658-25356-1

Electronic ISBN: 978-3-658-25357-8

Copyright Year: 2019
DOI: https://doi.org/10.1007/978-3-658-25357-8_4