Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Rethinking regulatory risk: a strategy for the UK and global corporate governance

Rethinking regulatory risk: a strategy for the UK and global corporate governance UK companies face an increasingly aggressive regulatory environment. A recent study by the LSE shows that UK directors are ill‐equipped to deal with increasing regulatory risk. While they are aware of these growing risks, almost a third of boards do not know about the activities in their companies that could lead to a regulatory intervention. Less than one in five are “very confident” in their risk management processes. UK companies also fail to effectively monitor and influence new regulations. Businesses need to adopt a proactive approach to handling these risks, acting at all stages of the regulatory cycle. By doing so, they can afford themselves a competitive advantage, and reduce the chances of facing severe corporate and personal penalties. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Balance Sheet Emerald Publishing

Rethinking regulatory risk: a strategy for the UK and global corporate governance

Balance Sheet , Volume 11 (1): 5 – Mar 1, 2003

Loading next page...
 
/lp/emerald-publishing/rethinking-regulatory-risk-a-strategy-for-the-uk-and-global-corporate-2vUEI0OLiK
Publisher
Emerald Publishing
Copyright
Copyright © 2003 MCB UP Ltd. All rights reserved.
ISSN
0965-7967
DOI
10.1108/09657960310476863
Publisher site
See Article on Publisher Site

Abstract

UK companies face an increasingly aggressive regulatory environment. A recent study by the LSE shows that UK directors are ill‐equipped to deal with increasing regulatory risk. While they are aware of these growing risks, almost a third of boards do not know about the activities in their companies that could lead to a regulatory intervention. Less than one in five are “very confident” in their risk management processes. UK companies also fail to effectively monitor and influence new regulations. Businesses need to adopt a proactive approach to handling these risks, acting at all stages of the regulatory cycle. By doing so, they can afford themselves a competitive advantage, and reduce the chances of facing severe corporate and personal penalties.

Journal

Balance SheetEmerald Publishing

Published: Mar 1, 2003

Keywords: Regulations; Risk; Risk management; Compliance; Corporate governance

There are no references for this article.