The Role of Board of Directors in the Establishment of Risk Management Committee

被引：2

作者：

Ishak, Suhaimi ^{[1
]}

Nor, Mohamad Naimi Mohamad ^{[1
]}

机构：

[1] Univ Utara Malaysia, Tunku Puteri Intan Safinaz Sch Accountancy, Sintok 06010, Kedah, Malaysia

来源：

THE 17TH ANNUAL CONFERENCE OF THE ASIAN ACADEMIC ACCOUNTING ASSOCIATION (2016 FOURA CONFERENCE) | 2017年 / 34卷

关键词：

D O I：

10.1051/shsconf/20173409001

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

The objective of the study is to discuss the roles of board of directors in the establishment of risk management committee for Malaysian's public listed companies. In Malaysia, based on the Malaysian Code on Corporate Governance (MCCG), (2007; 2012) clearly stated the role and responsibility of the board of directors toward the risk management activities. At the Corporate Governance Week 2010 and 2011 as well, the chairman of the Security Commission Malaysia highlighted the responsibility of the board of directors in risk management processes and she expressed concern over the failure of the board of directors to establish appropriate measures for the risk management process in the company. The statement of the chairman of Security Commission Malaysia is in line with MCCG's best practices (2000; 2007; 2012), i.e., the board of directors should identify principle risks and ensure the implementation of an appropriate system to manage these risks.

引用

页数：4

共 11 条

[1]

Committee of Sponsoring Organizations of the Treadway Commission, 2012, ENT RISK MAN UND COM

[2]

De Luca L. T., 2002, CORPORATE GOVERNANCE, V10, P4

[3] SEPARATION OF OWNERSHIP AND CONTROL [J].