Corporate Boards: Managers of Risk, Sources of Risk deals with the highly timely topic of the Corporate Board and its relationship to risk, both in terms of its management and its creation. Utilizes a multi-disciplinary perspective which draws on the fields of economics, law, business ethics, and corporate social responsibility Features a range of topics including the role of corporate boards in overseeing increasingly complex risk management techniques and the ethical dimensions of corporate board behavior in managing risk Of interest to students, scholars, and firm stakeholders Explores how recent events have also shown that the members of Corporate Boards can be sources of risk

Corporate Boards: Managers of Risk, Sources of Risk deals with the highly timely topic of the Corporate Board and its relationship to risk, both in terms of its management and its creation.* Utilizes a multi-disciplinary perspective which draws on the fields of economics, law, business ethics, and corporate social responsibility* Features a range of topics including the role of corporate boards in overseeing increasingly complex risk management techniques and the ethical dimensions of corporate board behavior in managing risk* Of interest to students, scholars, and firm stakeholders* Explores how recent events have also shown that the members of Corporate Boards can be sources of risk

Notes on Contributors.Preface.Introduction (Robert W. Kolb) (Loyola University Chicago)and (Donald Schwartz) (Loyola University Chicago)Part I: A Factual Basis.1. The Relationship Between Boards of Directors and their RiskManagement Organizations: Are Standards of Best Practice Emerging?(Michael A.M. Keehner) (Columbia Business School) and (David R.Koenig) (Ductilibility, LLC)Part II: Is Risk Management by Corporate Boards EvenPossible?2. Risk Management, Chaos Theory, and the Corporate Board ofDirectors (Michael Potts) (Methodist University)3. Anti-Social Norms, Risky Behavior (Reza Dibadj) (Universityof San Francisco)4. Time-Inconsistent Boards and the Risk of Repeated Misconduct(Manuel A. Utset) (Florida State University College of Law)5. Discussion (Sridhar Ramamoorti).Part III: Board Structure and the Management of Risk.6. Theories of Governance and Corporate Moral Vulnerability(Greg Young) (North Carolina State University) and (Steve H. Barr)(North Carolina State University)7. Mitigating the Exposure of Corporate Boards to Risk andUnethical Conflicts (Shann Turnbull) (International Institute forSelf-Governance)8. Supervisory Board and Financial Risk-Taking Behaviors inChinese Listed Companies (Zhenyu Wu) (University of Saskatchewan)(Yuanshun Li) (Ryerson University), (Shujun Ding) (YorkUniversity), and (Chunxin Jia) (Peking University)9. Discussion (David R. Koenig) (Ductilibility, LLC)Part IV: Corporate Boards and the Management of SpecificRisks.10. Entity-Level Controls and the Monitoring Role of CorporateBoards (Donna J. Fletcher) (Bentley University), (Mohammad J.Adbolmohammadi). (Bentley University), and Jay C. Thibodeau(Bentley University)11. Do Corporate Boards Care About Sustainability? Should TheyCare?(Steven Swidler) (Auburn University) and (Claire E. Crutchley)(Auburn University)12. Executive Risk Taking and Equity Compensation in the M&AProcess (William J. Lekse) (University of Michigan Dearborn) and(Mengxin Zhao) (University of Alberta)13. Discussion (Tom Nohel) (Loyola University Chicago)Part V: Corporate Boards, Risk Management, and the EthicalFirm.14. The Ethics of Risk Management by a Board of Directors (DuaneWindsor) (Rice University)15. Assurance and Reassurance: The Role of the Board (Barry M.Mitnick) (University of Pittsburgh)16. Risk Disclosure and Transparency: Toward CorporateCollective and Collaborative Informed Consent (Denise Kleinrichert)(San Francisco State University) and Anita Silvers (San FranciscoState University)17. Discussion (John R. Boatright) (Loyola UniversityChicago)Index.