Corporate Culture and ERM

Ditrector Notes (The Conference Board), Vol. 5, July 2013, p. 1-11

U of Maryland Legal Studies Research Paper No. 2013-34

11 Pages Posted: 5 Jul 2013

See all articles by Michelle M. Harner

Michelle M. Harner

University of Maryland Francis King Carey School of Law

Date Written: July 2013

Abstract

The attitudes and actions of those viewed as leaders within a company (commonly referred to as "tone at the top") help to define corporate culture and are critical to implementing a successful enterprise risk management (ERM) program. This paper explores the challenges and benefits of creating a risk-aware corporate culture, including the potential legal implications for boards of directors.

Keywords: Risk management, enterprise risk management, corporate culture, fiduciary duties, duty to monitor, board of directors, tone at the top

Suggested Citation

Harner, Michelle M., Corporate Culture and ERM (July 2013). Ditrector Notes (The Conference Board), Vol. 5, July 2013, p. 1-11; U of Maryland Legal Studies Research Paper No. 2013-34. Available at SSRN: https://ssrn.com/abstract=2289432

Michelle M. Harner (Contact Author)

University of Maryland Francis King Carey School of Law ( email )

500 West Baltimore Street
Baltimore, MD 21201-1786
United States
410-706-4238 (Phone)

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