Corporate Governance and Risk Management in Developing Market:A Logic Analysis and Proposal

Abstract

The lessons from financial crisis illustrate the importance of risk management; corporate governance is increasingly being considered an important part of risk management. In this paper, the author discusses the role of corporate governance in risk management in developing markets from shareholders vote, board of directors, top management, and auditors. This paper also presents recommendations to improve corporate governance in order to strengthen risk management.
Key words: Corporate risk; Corporate governance; Risk management