Jump to ContentJump to Main Navigation
Capital Markets, Derivatives, and the LawPositivity and Preparation$
Users without a subscription are not able to see the full content.

Alan N. Rechtschaffen

Print publication date: 2019

Print ISBN-13: 9780190879631

Published to Oxford Scholarship Online: May 2019

DOI: 10.1093/oso/9780190879631.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 27 October 2020

Fiduciary Obligation to Manage Risk

Fiduciary Obligation to Manage Risk

(p.397) 18 Fiduciary Obligation to Manage Risk
Capital Markets, Derivatives, and the Law

Alan N. Rechtschaffen

Oxford University Press

This chapter looks at controlling risk, operational risk management, and executive protection. Directors and officers have a duty to participate in risk management. Internal protocols and procedures are a subset of operational risk management. When there is a breakdown in internal controls, directors and officers will be held accountable for operational failures contributing to trading losses. The chapter discusses the duty to manage risk, risk management for financial and non-financial institutions, quantifying financial risk, portfolio dynamics, directors' and officers' understanding of financial instruments, risk policy, reporting lines and audit techniques, information flow, ethical concerns, responsibility for risk management, business judgment rule, education at financial institutions, and disclosure under the Sarbanes-Oxley Act.

Keywords:   operational risk management, Sarbanes-Oxley Act, executive protection, directors, officers, financial risk, business judgment rule

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .