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This paper examines how risk management has yielded a wealth of research and theory regarding the most effective means of addressing the challenges of minimizing risk environment and business management. It also looks at how there has been an impact of both regulatory and non-regulatory circumstances that have affected the relative efficacy of risk management theory. The paper provides an explanation of the evolution of the risk management theory in order to create a concrete mechanism for the application of theory. The paper also maintains awareness of the relevant context of regulatory developments regarding events in the contemporary business climate and in particular the Sarbanes-Oxley Act.
From the Paper:"Now, the regulatory and non-regulatory environments are really one and the same. Sarbanes-Oxley puts forth legislation for extremely specific and stratified arenas for application that it virtually eliminates the non-regulatory environment for better or for worse (and what many believe, was for worse). Our goal her is not to detail Sarbanes Oxley but to point out the fact that the act, legislated in 2002, created a merging of the non-regulatory and regulatory environment. The non-regulatory environment in fact only really exists in theory. The second it is applied to the business environment, it becomes subject to Sarbanes Oxley regulation. Thus, let us not concern ourselves too much with the distinction between the regulatory and on-regulatory environment, as much as understand how all non-regulatory or private interest measurements will necessarily have to be integrated within the guidelines of the Sarbanes-Oxley legal framework. "
Sample of Sources Used:
- De Reyck, B and Roel L. (2008) R & D project scheduling when activities may fail.(Research and Development )(Report). IIE Transactions 40.4 (April 2008): 367(18).
- Choi, Tsan-Ming, Duan Li, Houmin Yan, and Chun-Hung Chiu. (2008) Channel coordination in supply chains with agents having mean-variance objectives" Omega 36.4 August: 565(12).
- Bartusch, M., Mohring, R.H. and Radermacher, F.J. (1988) Scheduling project networks with resource constraints and time windows. Annals of Operations Research, 16, 201-240.
- Boccasam, Prashanth. "Adopting a holistic governance approach.(Rules & Regulations)." Risk Management 55.2 (Feb 2008): 38(1).
- Butler, Henry and Ribstein, Larry. The Sarbanes-Oxley debacle: what we've learned, how to fix it. May 12, 2006: http://www.aei.org/books/bookID.855/book_detail.asp
Cite this Research Paper:
Risk Management (2010, February 16) Retrieved August 08, 2022, from https://www.academon.com/research-paper/risk-management-118697/
"Risk Management" 16 February 2010. Web. 08 August. 2022. <https://www.academon.com/research-paper/risk-management-118697/>