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Statutory Regulation of the Risk Management Function in Germany: Implementation Issues for the Non-Financial Sector

In: Risk Management

Author

Listed:
  • Jürgen Weber

    (Otto Beisheim Graduate School of Management (WHU))

  • Arnim Liekweg

    (Otto Beisheim Graduate School of Management (WHU))

Abstract

The globalization of financial markets and several spectacular corporate crises were the prime forces that led the German legislator to pass the KonTraG, a law requiring companies to implement risk management systems. In order to harness this change as a value driver for companies, the article introduces a holistic concept of entrepreneurial Chance- and Risk-Management, which is designed to fulfill the dual requirements of the legislator on the one hand and of corporate management needs on the other.

Suggested Citation

  • Jürgen Weber & Arnim Liekweg, 2005. "Statutory Regulation of the Risk Management Function in Germany: Implementation Issues for the Non-Financial Sector," Springer Books, in: Michael Frenkel & Markus Rudolf & Ulrich Hommel (ed.), Risk Management, edition 0, pages 495-511, Springer.
    • Handle: RePEc:spr:sprchp:978-3-540-26993-9_25
    DOI: 10.1007/3-540-26993-2_25
    as

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