Rethinking regulatory risk: a strategy for the UK and global corporate governance
UK companies face an increasingly aggressive regulatory environment. A recent study by the LSE shows that UK directors are ill‐equipped to deal with increasing regulatory risk. While they are aware of these growing risks, almost a third of boards do not know about the activities in their companies that could lead to a regulatory intervention. Less than one in five are “very confident” in their risk management processes. UK companies also fail to effectively monitor and influence new regulations. Businesses need to adopt a proactive approach to handling these risks, acting at all stages of the regulatory cycle. By doing so, they can afford themselves a competitive advantage, and reduce the chances of facing severe corporate and personal penalties.
Year of publication: |
2003
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Authors: | Gerrard, Neil |
Published in: |
Balance Sheet. - MCB UP Ltd, ISSN 1758-4086, ZDB-ID 2088633-0. - Vol. 11.2003, 1, p. 37-41
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Publisher: |
MCB UP Ltd |
Subject: | Regulations | Risk | Risk management | Compliance | Corporate governance |
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