Implementing Corporate Governance with the "Lines of Defense Model"

• Autorzy: Michael Klotz

Warianty tytułu

Wprowadzanie nadzoru korporacyjnego z zastosowaniem Lines of defence Model

• Języki publikacji: EN

Abstrakty

EN

The aim of this article is to discuss the adequacy of the Lines of Defense (LOD) model for implementing a corporate governance system according to business laws and corporate governance codes. In the LOD model the first line of defense is built up by functions that own and manage risks. The second line of defense consists of specialized functions, like financial control, risk or compliance management, etc. The internal audit function serves as the third line of defense. The article relates the different LODs to the various corporate governance elements prescribed by Polish and German laws and regulations. It is demonstrated how the LOD model is able to integrate main corporate governance elements. Resulting from this perspective, the LOD model is recommended as an approach towards a functional implementation of a corporate governance system.(original abstract)

Opisano, w jaki sposób model LOD (Lines of defense Model) może wspierać implementację systemu nadzoru korporacyjnego (Corporate Governance) zgodnie z wytycznymi kodeksu ładu korporacyjnego. "Pierwsza linia obrony" tworzona jest przez zarząd operacyjny, który odpowiada za zarządzanie przypisanym mu ryzykiem. "Drugiej linii obrony" przyporządkowane są różne funkcje centralne, na przykład kontrola finansowa, zarządzanie ryzykiem czy zarządzanie zgodnością. Audyt wewnętrzny to "trzecia linia obrony". Ustalono związek między różnymi "liniami obrony" modelu LOD a wymaganymi przez polskie i niemieckie ustawodawstwo oraz regulacje prawne elementami nadzoru korporacyjnego. Pokazano, jak model LOD integruje najważniejsze elementy systemu nadzoru korporacyjnego. Z tej perspektywy dowiedziono zasadność zastosowania modelu LOD, z uwzględnieniem jego aspektu funkcjonalnego, we wdrażaniu systemu nadzoru korporacyjnego.(abstrakt oryginalny)

Słowa kluczowe

EN

Corporate management; Corporate governance; Management models

PL

Zarządzanie korporacyjne; Ład korporacyjny; Modele zarządzania

• Czasopismo: Trends in the World Economy
• Rocznik: 2015
• Tom: 7 Real Economy and Financial Sector in the Contemporary World
• Strony: 53--68

Twórcy

autor

Michael Klotz

• School of Business Studies Stralsund University of Applied Sciences, Germany

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