This report reviews the corporate governance framework and practices relating to corporate risk management in 27 of the jurisdictions that participate in the OECD Corporate Governance Committee. Against the background of the OECD Principles of Corporate Governance, it describes how various jurisdictions have chosen to implement the Principles relating to risk management. The report analyses th…
Risk management failures at major corporations have captured the headlines for many years, primarily in the financial sector, but in other sectors as well, and have not always been the result of shortcomings in financial risk-taking. Environmental catastrophes such as Deep Water Horizon or Fukushima come to mind (or, less recently, Bhopal and Seveso), as well as accounting fraud (e.g. Olympus, …
Indexes of industrial production and related capacity indexes and utilization rates, have traditionally been used to track short-term changes in economic activity. As the industrial sector and construction have historically accounted for most variations in total output over the course of the business cycle, policy makers and business analysts have used these measures to objectively assess the n…