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GUIDANCE FOR MANAGING ORGANIZATIONAL DUTIES AND OBLIGATORY SUPERVISION

Grueninger, Stephan
; 
Jantz, Maximilian
; 
Schweikert, Christine
Author(s)
Grueninger, Stephan
Jantz, Maximilian
Schweikert, Christine
Contributor(s)
Keywords
risk management, compliance management, integrity management, organizational duty, corporate misconduct, social compliance
GE Subjects
Economic ethics
Ethics of economic systems
Collections
Business Ethics
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guidence_for_managing_59.pdf
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http://hdl.handle.net/20.500.12424/188693
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Abstract
Risk management is an important task for today’s businesses. As many of the recent corporate scandals demonstrate, managing the risks emerging from corporate misconduct is essential – even more with regard to the costs as well as internal and external reputational damage these risks can cause. Corporate misconduct does not only comprise risks from legal liability but also risks emerging from economic liability and social non-compliance (disregard of labour and social standards) leading to reputational damage. It is an original management task and organizational duty to manage these risks on the one hand to exculpate the company and its boards from liability but also to prevent corporate misconduct in the future. In the paper, the authors will present a corporate compliance complexity levels model which forms the basis for the development of specific guidelines on how to appropriately manage organizational duties for various organization types especially with regard to risks emerging from corporate misconduct.
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Conference proceedings
Date
2012
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With permission of the license/copyright holder
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