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Controlling Dimension

  • Martin HilbEmail author
Chapter
Part of the Management for Professionals book series (MANAGPROF)

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)

Keywords

Risk Management Corporate Governance Board Member Audit Committee Internal Audit 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Copyright information

© Springer-Verlag Berlin Heidelberg 2016

Authors and Affiliations

  1. 1.International Center for Corporate GovernanceSt. GallenSwitzerland

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