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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Legal Requirements of Risk Management in Germany

Legal Requirements of Risk Management in Germany

Ghafoor, Usman

Paperback

Business General

ISBN10: 366817489X
ISBN13: 9783668174894
Publisher: Grin Verlag
Published: Apr 18 2016
Pages: 26
Weight: 0.10
Height: 0.06 Width: 5.83 Depth: 8.27
Language: English
Seminar paper from the year 2016 in the subject Business economics - Law, grade: 2,3, Heilbronn University of Applied Sciences, language: English, abstract: The aim of this seminar paper is to illustrate the topic Legal requirements of risk management in Germany. An insight into the legal requirements of risk management in a company, e.g. banks and insurances, will be provided. Furthermore, a practical example of risk management at Daimler AG will be described in the following section. Finally, the paper closes with a personal conclusion. The term risk is described in literature in many different ways. Risk is being described as a possible deterioration compared to an ex-pected result (loss or damage risk). According to the law Corporate Sector Supervision and Transparency Act it means, that a company aspires to fulfil their goals. On the way there are several factors of risk that should be taken into account. The purpose of risk management is to identify, estimate and avert possible risks during a process. Originally, big American companies created risk management out of their insurance policy. Their goal was to significantly reduce insurance premium.

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