Guide for the implementation of a corporate risk management program

Authors

Carlos Gabriel Borbón-Morales
Research Professor at the Centro de Investigación en Alimentación y Desarrollo AC.
https://orcid.org/0000-0002-6073-6672
Alma Iliana García-Cañedo
Research Professor at the Universidad de Sonora, Sonora, México
https://orcid.org/0000-0001-6290-2331
Altaryra Geraldine Ozuna-Beltrán
Research Professor at the Investigadora en la Universidad de Sonora, Sonora, México
https://orcid.org/0000-0002-0994-0723
DOI: https://doi.org/10.55965/abib.9786076984598

Keywords:

guide, implementing, corporate management risk

Synopsis

This book is essential for organizations seeking to adopt a strategic and proactive approach to corporate risk management. Through comprehensive and practical content, it guides readers in designing, implementing, and monitoring effective risk management programs, addressing both theoretical foundations and practical applications tailored to the business context.

The book is structured into three main sections:

  1. Definitions and Basic Elements: This section introduces key concepts on financial, operational, legal, and strategic risks, providing a solid foundation for understanding the risk environment.
  2. Design of Risk Management Programs: Details recognized methodologies such as ISO 31000 and FMEA, offering clear steps for implementing programs tailored to different industries.
  3. Operational Implementation: Provides tools and strategies to ensure continuous risk management program monitoring, evaluation, and improvement.

Focusing on the Latin American context, this guide addresses specific challenges, such as identifying emerging risks and assessing threats across various sectors. Additionally, it highlights the importance of aligning risk management with organizational strategic objectives to maximize value and business resilience.

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Author Biographies

Carlos Gabriel Borbón-Morales, Research Professor at the Centro de Investigación en Alimentación y Desarrollo AC.

Originally from Navojoa, Sonora, Mexico. He has a degree in Economics, with a specialty in political economy, from the University of Sonora, Mexico. Master in Social Sciences, Specialty in Regional Development, from El Colegio de Sonora, Mexico. Doctor in Economic Sciences, from the Autonomous University of Baja California (UABC), UABC Campus in Tijuana, Baja California, Mexico.

He is currently a Full-Time Research Professor, attached to the Regional Development area of ​​the Food and Development Research Center (CIAD, A.C.) in Hermosillo, Sonora, Mexico.

The areas of research interest are:
* Technology Transfer and Innovation in the Agriculture and Fisheries sector.
* Markets and Export Logistics of Agricultural Products.
* Studies of Competitiveness, Quality, Safety, and Plant Health.
* Municipal Development Planning, Municipal Budget Program, and Studies of
Economic Prospect.
* Community Development, Organization of Producers, business culture and
Entrepreneurship.
* Indigenous groups and Social Development.
* Design of Agricultural Productive Projects, Livestock, Beekeeping, Ecotourism and
Agroindustrial.
* Decision-making and cognitive biases caused by Scarcity in Families with Extreme Poverty.
* Health Economics (market studies, customer service, costs and budgets, evaluation of the performance of health institutions)
* Studies on financial valuation and social impact for environmental, and tourism projects (Methodologies: SROI, Travel Value, Hedonic prices.
* Inclusive Business and Social Responsibility
*Research methodology with statistical technique.
* Risk assessment of Mipymes closing factors
* Social impact assessment in regional development projects

Alma Iliana García-Cañedo, Research Professor at the Universidad de Sonora, Sonora, México

Research Professor at the Universidad de Sonora, Sonora, México

Altaryra Geraldine Ozuna-Beltrán, Research Professor at the Investigadora en la Universidad de Sonora, Sonora, México

Research Professor at the Universidad de Sonora, Sonora, Mexico

References

Abu Rub, F. A., & George, L. E. (2014). “Effective Communication: A Challenge to Project Managers.” International Journal of Business and Management.

Altman, E. I., & Saunders, A. (1997). Credit risk measurement: Developments over the last 20 years. Journal of Banking & Finance, 21(11-12), 1721-1742.

Arens, A. A., Elder, R. J., & Beasley, M. S. (2016). Auditing and Assurance Services: An Integrated Approach (15th ed.). Pearson.

Baumgartner, S. J., & De Martino, R. A. (2012). “Continuous Improvement of Risk Management.” Internal Auditor.

Bessis, J. (2015). “Risk Management in Banking.” John Wiley & Sons.

Brealey, R. A., Myers, S. C., & Allen, F. (2020). Principles of corporate finance (13th ed.). McGraw-Hill Education.

Brigham, E. F., & Houston, J. F. (2019). Fundamentals of financial management (15th ed.). Cengage Learning.

Caralli, R. A., Stevens, J. F., Young, L. R., & Wilson, W. R. (2007). Introducing OCTAVE Allegro: Improving the information security risk assessment process. Carnegie Mellon University.

CIMA. (2023). Risk Management: Concepts and Guidance. Chartered Institute of Management Accountants.

Guide for the implementation of a corporate risk management program

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Published

February 19, 2025

Series

GENERAL CATALOG: Social Sciences

Categories

Copyright (c) 2024 Carlos Gabriel Borbón-Morales, Alma Iliana García-Cañedo, Altaryra Geraldine Ozuna-Beltrán

License

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Details about this monograph

ISBN-13 (15)

978-607-69845-9-8

doi

10.55965/abib.9786076984598