Corporate Boards: Managers of Risk, Sources of Risk

Copyright © 2010 Robert W. Kolb and Donald Schwartz

Corporate Boards: Managers of Risk, Sources of Risk

Editor(s): Robert W. Kolb, Donald Schwartz

Published Online: 24 AUG 2009

Print ISBN: 9781405185851

Online ISBN: 9781444315882

DOI: 10.1002/9781444315882

About this Book

Product Information

About The Product

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.


  • Utilizes a multi-disciplinary perspective which draws on the fields of economics, law, business ethics, and corporate social responsibility
  • Features a range of topics including the role of corporate boards in overseeing increasingly complex risk management techniques and the ethical dimensions of corporate board behavior in managing risk
  • Of interest to students, scholars, and firm stakeholders
  • Explores how recent events have also shown that the members of Corporate Boards can be sources of risk

Table of contents

    1. You have free access to this content
      Front Matter (pages i–xv)

    1. Introduction (pages 1–5)

      Robert W. Kolb and Donald Schwartz

  3. Part I: A Factual Basis

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      Part Introduction (page 7)

    2. Chapter 1

      The Relationship Between Boards of Directors and their Risk Management Organizations: Are Standards of Best Practice Emerging? (pages 9–51)

      Michael A.M. Keehner and Mr David R. Koenig

  4. Part II: Is Risk Management by Corporate Boards Even Possible?

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      Part Introduction (pages 53–54)

    2. Chapter 2

      Risk Management, Chaos Theory, and the Corporate Board of Directors1 (pages 55–69)

      Michael Potts

    3. Chapter 3

      Anti-Social Norms, Risky Behavior (pages 70–89)

      Reza Dibadj

    4. Chapter 4

      Time-Inconsistent Boards and the Risk of Repeated Misconduct (pages 90–111)

      Manuel A. Utset

    5. Chapter 5

      Discussion (pages 112–121)

      Sridhar Ramamoorti

  5. Part III: Board Structure and the Management of Risk

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      Part Introduction (pages 123–124)

    2. Chapter 6

      Theories of Governance and Corporate Moral Vulnerability (pages 125–142)

      Dr Greg Young and Steve H. Barr

    3. Chapter 7

      Mitigating the Exposure of Corporate Boards to Risk and Unethical Conflicts (pages 143–174)

      Shann Turnbull

    4. Chapter 8

      Supervisory Board and Financial Risk-Taking Behaviors in Chinese Listed Companies (pages 175–191)

      Zhenyu Wu, Yuanshun Li, Shujun Ding and Chunxin Jia

    5. Chapter 9

      Discussion (pages 192–196)

      David R. Koenig

  6. Part IV: Corporate Boards and the Management of Specific Risks

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      Part Introduction (pages 197–198)

    2. Chapter 10

      Entity-Level Controls and the Monitoring Role of Corporate Boards (pages 199–216)

      Professor Donna J. Fletcher, Professor Mohammad J. Abdolmohammadi and Professor Jay C. Thibodeau

    3. Chapter 11

      Do Corporate Boards Care About Sustainability? Should They Care? (pages 217–234)

      Steven Swidler and Claire E. Crutchley

    4. Chapter 12

      Executive Risk Taking and Equity Compensation in the M&A Process (pages 235–266)

      Dr, Professor William J. Lekse and Mengxin Zhao

    5. Chapter 13

      Discussion (pages 267–272)

      Tom Nohel

  7. Part V: Corporate Boards, Risk Management, and the Ethical Firm

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      Part Introduction (pages 273–274)

    2. Chapter 14

      The Ethics of Risk Management by a Board of Directors (pages 275–293)

      Duane Windsor

    3. Chapter 15

      Assurance and Reassurance: The Role of the Board (pages 294–315)

      Barry M. Mitnick

    4. Chapter 16

      Risk Disclosure and Transparency: Toward Corporate Collective and Collaborative Informed Consent (pages 316–340)

      Denise Kleinrichert and Anita Silvers

    5. Chapter 17

      Discussion (pages 341–354)

      John R. Boatright

    1. You have free access to this content
      Index (pages 355–379)

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