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dc.contributor.authorSubramaniam, Navaen_US
dc.contributor.authorMcManus, Lisaen_US
dc.contributor.authorZhang, Jianen_US
dc.date.accessioned2017-05-03T13:04:19Z
dc.date.available2017-05-03T13:04:19Z
dc.date.issued2009en_US
dc.date.modified2010-01-28T05:29:28Z
dc.identifier.issn02686902en_US
dc.identifier.doi10.1108/02686900910948170en_AU
dc.identifier.urihttp://hdl.handle.net/10072/28501
dc.description.abstractPurpose - A risk management committee (RMC), as a newly evolving sub-committee of the board of directors, functions as a key governance support mechanism in the oversight an organisation's risk management strategies, policies and processes. However, empirical evidence on the factors associated with the existence and the type of RMCs remains scant. Design/Methodology/Approach - Using an agency theory perspective, this study investigates the association between board factors such as proportion of non-executive directors, CEO duality, and board size; as well as, other firm-related factors (e.g. auditor type, industry, leverage, and complexity), and (1) the existence of a RMC, and (2) the type of RMC (namely, a separate RMC versus one that is combined with the audit committee). Data was collected from the annual reports of the top 300 ASX-listed companies. Findings - The results, based on logistic regression analyses, indicate that RMCs tend to exist in companies with an independent board chairman and larger boards. Further, the results also indicate that in comparison to companies with a combined RMC and audit committee, those with a separate RMC are more likely to have larger boards, higher financial reporting risk and lower organisational complexity. Research limitations / Implications - Data limited to top 200 top ASX-listed companies, thus restricting generalisability of the results Originality / Value - The findings of this study provide additional information on the use and design of RMCs in a voluntary setting.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_AU
dc.languageEnglishen_US
dc.language.isoen_AU
dc.publisherEmeralden_US
dc.publisher.placeMelbourneen_US
dc.relation.ispartofstudentpublicationNen_AU
dc.relation.ispartofpagefrom316en_US
dc.relation.ispartofpageto339en_US
dc.relation.ispartofissue4en_US
dc.relation.ispartofjournalManagerial Auditing Journalen_US
dc.relation.ispartofvolume24en_US
dc.rights.retentionYen_AU
dc.subject.fieldofresearchAuditing and Accountabilityen_US
dc.subject.fieldofresearchcode150102en_US
dc.titleCorporate Governance, Firm Characteristics and Risk Management Committee Formation in Australian Companiesen_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
gro.date.issued2009
gro.hasfulltextNo Full Text


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