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Controlling Dimension

In: New Corporate Governance

Author

Listed:
  • Martin Hilb

    (International Center for Corporate Governance)

Abstract

In part one of this book, we dealt with the normative, legal and ethical contexts influencing corporate governance, following the motto “keep it situational.” In part two, we dealt with the strategic direction responsibilities of boards, based on the motto “keep it strategic,” and addressed issues such as board teams, culture, structure and strategic success measures. Then in the third part, we dealt with the integrated board management function through its responsibilities regarding selection, feedback, remuneration and development of board and management teams, based on the motto “keep it integrated.” Now in this fourth part of the book, we address the monitoring function of the board following the motto “keep it controlled.” In this integrated approach, the monitoring board dimension encompasses the following: The integrated audit and risk management committee for publicly listed companies (Sect. 5.1) The auditing function of the board (Sect. 5.2) The risk management function of the board (Sect. 5.3) The communication function of the board (Sect. 5.4) And the evaluation function of the board (Sect. 5.5)

Suggested Citation

  • Martin Hilb, 2016. "Controlling Dimension," Management for Professionals, in: New Corporate Governance, edition 5, chapter 5, pages 117-156, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-662-49060-0_5
    DOI: 10.1007/978-3-662-49060-0_5
    as

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