The outset for this thesis is the contemporary risk management concept of Enterprise Risk Management (ERM). ERM has for the last 20 years been advocated as a technology of managing with a potential impact for the value creation in corporate life. The idea of managing or controlling risk is...

We analyse the relationship between the distribution of ownership and the allocation of control in Danish closely held corporations. First, we investigate why firms have boards. Second, we identify relationships between owners, boardmembers and CEOs in these firms. Third, we show the presence of...