Corporate Risk Management
Definition of Corporate Risk Management as it relates to Finance, Corporate Finance
Corporate Risk Management refers to the process of identifying, assessing, and prioritizing risks in an organization, with a focus on protecting corporate assets, ensuring business continuity, and maximizing shareholder value. It involves integrating risk management into all aspects of corporate finance, including financial planning, budgeting, and investment decisions. The goal is to ensure that the organization can effectively manage potential losses and seize opportunities in a rapidly changing business environment. Key components include risk identification and assessment, risk mitigation and control, and ongoing monitoring and reporting.
External Links
- [CorporateRiskManagement.org] Handbook of Corporate Financial Risk Management
- [cerm.com] CERM | Corporate Environmental Risk Management