Corporate Boards: Managers of Risk, Sources of Risk, 1st Edition

  • Editor: Robert Kolb, Donald Schwartz
  • Published By:
  • ISBN-10: 1444315897
  • ISBN-13: 9781444315899
  • DDC: 658.15
  • Grade Level Range: College Freshman - College Senior
  • 400 Pages | eBook
  • Original Copyright 2009 | Published/Released June 2013
  • This publication's content originally published in print form: 2009

  • Price:  Sign in for price



Corporate charters empower boards with an important role in managing risk, but recent events have also shown that the members of these boards can also be sources of risk. Corporate Boards: Managers of Risk, Sources of Risk deals with the highly timely topic of the Corporate Board and its relationship to risk, both in terms of its management and its creation. The work presents a multi-disciplinary perspective, including contributions from the areas of economics, management, law, finance, business ethics, and corporate social responsibility. Topics include the role of corporate boards in overseeing increasingly complex risk management techniques, managing corporate boards to control the risk that their activities impose on the firm and on society, and the ethical dimensions of corporate board behavior in managing risk and imposing risk on the firms various stakeholders.



  • Robert Kolb
  • Donald Schwartz

Table of Contents

Front Cover.
Half Title Page.
Title Page.
Copyright Page.
Notes on Contributors.
1: A Factual Basis.
2: The Relationship between Boards of Directors and their Risk Management Organizations: Are Standards of Best Practice Emerging?.
3: Is Risk Management by Corporate Boards Even Possible?.
4: Risk Management, Chaos Theory, and the Corporate Board of Directors.
5: Anti-Social Norms, Risky Behavior.
6: Time-Inconsistent Boards and the Risk of Repeated Misconduct.
7: Discussion.
8: Board Structure and the Management of Risk.
9: Theories of Governance and Corporate Moral Vulnerability.
10: Mitigating the Exposure of Corporate Boards to Risk and Unethical Conflicts.
11: Supervisory Board and Financial Risk-Taking Behaviors in Chinese Listed Companies.
12: Discussion.
13: Corporate Boards and the Management of Specific Risks.
14: Entity-Level Controls and the Monitoring Role of Corporate Boards.
15: Do Corporate Boards Care about Sustainability? Should They Care?.
16: Executive Risk Taking and Equity Compensation in the M&A Process.
17: Discussion.
18: Corporate Boards, Risk Management, and the Ethical Firm.
19: The Ethics of Risk Management by a Board of Directors.
20: Assurance and Reassurance: The Role of the Board.
21: Risk Disclosure and Transparency: Toward Corporate Collective and Collaborative Informed Consent.
22: Discussion.