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governance and risk regulation in China from a comparative perspective. It surveys corporate governance tools that have been … enterprise, focusing on China’s regulation of internal controls and risk management systems. These internal mechanisms are …Risk management and oversight have long been recognized as core corporate governance issues and have gained renewed …
Persistent link: https://www.econbiz.de/10014166244
From the start of China's "corporatization without privatization" process in the late 1980s, a Chinese corporate governance regime apparently shareholder-empowering and determined by enabling legal norms has been altered by mandatory governance mechanisms imposed by a state administrative...
Persistent link: https://www.econbiz.de/10013032062
been cannibalized by all-encompassing securities regulation directed at corporate governance, at least for companies with …
Persistent link: https://www.econbiz.de/10013063700
sweeping financial reform that followed the 2008 financial crisis, embraced clearinghouses as systemic risk managers for the … over-the-counter derivatives markets. While policymakers used clearinghouses to remove some counterparty risk from the … markets, they ended up concentrating that risk onto them, making them systemically important.This Article warns that while …
Persistent link: https://www.econbiz.de/10014361940
) versus non-SOEs and their independent directors respond to variations in regulatory compliance risk. Following the revision … directors. Non-SOEs are more likely to compensate for independent directors' fulfillment risk by increasing salaries and their … independent directors are more likely to resign to avoid litigation risk. The coping strategies for SOEs, non-SOEs and independent …
Persistent link: https://www.econbiz.de/10015134107
-level sources of risk are much easier for corporate governance and regulation to address than risk arising at the systemic level … limited role in the regulation of systemic risk and then relates this discussion to the current state of affairs in the …This paper examines how corporate governance reform of banks relates to systemic risk. Although there has been …
Persistent link: https://www.econbiz.de/10014180082
control frauds in many contexts absent effective regulation. Fraud always involves the creation and abuse of trust. Fraudulent …
Persistent link: https://www.econbiz.de/10013148984
This contribution explores the growing interest in transnational corporate accountability, arising out of the need to build trust in corporations. Emerging cultures of accountability and compliance, among other things, has driven the digitalization of corporate governance and the emergence of a...
Persistent link: https://www.econbiz.de/10013214565
Corporate governance scandals inevitably raise concerns about the extent to which corporate directors failed in their responsibility to monitor the corporation and its managers, especially in terms of the latter's' misdeeds. Corporate governance reforms strive to shore up directors' roles by...
Persistent link: https://www.econbiz.de/10013099463
Regulation may impact on financial risk taking by financial intermediaries by way of the decision-making process …, especially, to its function as filter between ownership and management and in the definition of the risk appetite of financial … risk acceptance process of European financial intermediaries considering also the type of governance system in place. Two …
Persistent link: https://www.econbiz.de/10013135964