Transcription of CLASS: Five elements of corporate governance to manage ...
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CLASS: Five elements of corporate governance to manage ...
CLASS: Five elements of corporate governance tomanage strategic riskStephen A. Drewa,*, Patricia C. Kelleyb, Terry KendrickaaUniversity of East Anglia, Norwich, United KingdombUniversity of Washington, Bothell, Washington, USAA bstractStrategic risk management is an increasing concern for both boards andsenior executives. Many recent business failures are due to senior level misjudge-ment and mismanagement of risk, the consequences of which can range fromembarrassment to serious setback to bankruptcy. Ineffective risk management putsotherwise strong business models in jeopardy.
2.CLASS:Thefiveelements,strategic riskmanagement,andcorporate governance We believe effective risk management must be definedbroadlyinordertoavoidstrategicfailures.
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