CORPORATE GOVERNANCE AND RISK MANAGEMENT - ESSENTIAL PRACTICE IN PERFORMANCE OBJECTION

Abstract

The last decades highlight an evolution in the appreciation of the concept of risk and uncertainty, and three main trends are observed in the projection of its stage: firstly there is a progressive increase in risk and uncertainty situations; secondly there is an increasing use of the resources of science in the process of risk study; thirdly, there is an increase and diversification of the consequences that the applications and techniques of risk analysis have generated within the social environment, in kind or at the level of each economic agent. The objective of the research is to capture the factors influencing decision making from the perspective of behavioral models adopted by managers in the context of applying corporate governance principles, taking into account the resources of the organization, its operational environment and the identification of decision support systems.

Keywords

• corporate governance
• risk management
• internal audit