Studying at York
Risk in a Corporate Context - MAN00001M
Module will run
| Occurrence | Teaching period |
|---|---|
| A | Semester 2 2023-24 |
Module aims
The concept of risk has received significant attention in recent years andthe pervasive nature of risk has meant that companies are now expected to engage in risk management as a matter of good governance. The module will not only explain and explore how companies attempt to manage risk but will also consider issues such as how companies report on risk and complexities in managing risk. In addition, reasons for the dramatic rise in interest in risk and risk management and the development of concepts such as risk governance and risk culture will be examined.
Module learning outcomes
Successful completion of the module will demonstrate that students are able to:
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Demonstrate a critical understanding of the complex nature of corporate risk management
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Evaluate concepts, theories and frameworks relevant to corporate risk management
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Demonstrate awareness of the importance of corporate risk management
Module content
Subject content:
Internal control
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The purpose of internal control, examples of internal controls, internal control frameworks, internal control questionnaires (ICQs) and their use by auditors
The rise in risk management
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The rise in risk management and the emergence of a new language of risk, how risk management emerged from internal control
How do companies manage risk?
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Standard risk management frameworks, enterprise risk management (ERM)
Corporate governance and risk management concepts
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Risk governance, risk culture, risk appetite, operational risk, reputational risk
Reporting on risk by companies
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The development of risk disclosure regulation, arguments for and against disclosing risk
Complexities in managing risk
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The complex nature of risk, alternative perspectives on risk and their implications for risk management
Indicative assessment
| Task | % of module mark |
|---|---|
| Essay/coursework | 100 |
Special assessment rules
None
Indicative reassessment
| Task | % of module mark |
|---|---|
| Essay/coursework | 100 |
Module feedback
Feedback will be given in accordance with the University Policy on feedback in the Guide to Assessment as well as in line with the School policy.
Indicative reading
Hopkin, P. and Thompson, C. (2021) Fundamentals of Risk Management: Understanding, Evaluating and Implementing Effective Enterprise Risk Management. Kogan Page.