Corporate Culture and ERM

Authors

Michelle M. Harner, University of Maryland Francis King Carey School of LawFollow

Document Type

Article

Publication Date

7-2013

Keywords

risk management, enterprise risk management, corporate culture, fiduciary duties, duty to monitor, board of directors, tone at the top

Comments

Content reproduced with permission from The Conference Board, Inc. © 2013. The Conference Board, Inc.

Abstract

The attitudes and actions of those viewed as leaders within a company (commonly referred to as “tone at the top”) help to define corporate culture and are critical to implementing a successful enterprise risk management (ERM) program. This paper explores the challenges and benefits of creating a risk-aware corporate culture, including the potential legal implications for boards of directors.

Publication Citation

5 Director Notes 1 (July 2013).

Disciplines

Banking and Finance Law | Business Organizations Law | Corporate Finance

Digital Commons Citation

5 Director Notes 1 (July 2013).