Assessing the Climate for Enterprise Risk Management in India

Hexter, Ellen; Bhaumik, Sumon K.; Tonello, Matteo

doi:10.2139/ssrn.1270885

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Assessing the Climate for Enterprise Risk Management in India

The Conference Board Research Report No. E-0016-08-RR

32 Pages Posted: 23 Sep 2008 Last revised: 11 Jan 2009

See all articles by Ellen Hexter

Sumon K. Bhaumik

Aston University - Aston Business School; Institute for the Study of Labor (IZA); University of Michigan at Ann Arbor - Stephen M. Ross School of Business, William Davidson Institute

Matteo Tonello

The Conference Board, Inc.

Date Written: April 1, 2008

Abstract

As Indian firms expand beyond national borders, they are increasingly exposed to a new array of strategic and operational risks, including those derived from different geopolitical and cultural contexts. This study is the result of research conducted by The Conference Board in late 2007 and early 2008. It looks at the state of risk management integration in India-based corporations and examines emerging governance practices in this area by four leading corporations: Tata Motors Ltd.; Tata Chemicals Ltd.; Dr. Reddy's; and ICICI Bank.

Keywords: India, risk management, corporate governance

Suggested Citation: Suggested Citation

Hexter, Ellen and Bhaumik, Sumon K. and Bhaumik, Sumon K. and Tonello, Matteo, Assessing the Climate for Enterprise Risk Management in India (April 1, 2008). The Conference Board Research Report No. E-0016-08-RR , Available at SSRN: https://ssrn.com/abstract=1270885 or http://dx.doi.org/10.2139/ssrn.1270885